🚀 $ADA 📈 Market Structure & Price Action Insights 🚀
Cardano ($ADA) is showing strong bullish momentum, trading at ~$0.70 with a 3.5% gain in the last 24 hours. A breakout above the $0.72 resistance could target $0.88, fueled by a Golden Cross on the 4H chart and rising whale accumulation.[](https://moneycheck.com/cardano-ada-price-whales-load-up-as-technical-signals-turn-green/)
📊 Market Structure: $ADA has broken a falling wedge, forming higher highs/lows. RSI at 38.85 nears oversold, hinting at a bounce. MACD is shifting bullish, signaling growing momentum.[](https://bravenewcoin.com/insights/cardano-ada-price-forecast-can-it-hit-2-50-as-market-momentum-builds)
💡 Trade Setup:
- Entry: $0.695-$0.705
- Stop Loss: $0.675
- Take Profit: $0.74, $0.78, $0.88
- Risk: High volatility; use tight stops.
🔥 Why It Matters: Cardano’s Leios upgrade promises faster transactions, boosting adoption. ETF approval odds are rising, adding fuel.[](https://bravenewcoin.com/insights/cardano-ada-price-forecast-can-it-hit-2-50-as-market-momentum-builds)
🧠 Pro Tips:
- Watch $0.72 for breakout confirmation.
- Monitor volume (>500M for strength).
- Avoid FOMO; scale in gradually.
Buckle up, traders! 🚀 Get ready for the $ADA ride! 🎢
