Cardano (ADA/USDT) on the 15-minute chart:

$ADA

🧭 Market Structure Overview

Current Price: ~$0.7041

Trend: Short-term bullish structure with recent higher lows and CHoCH to the upside

Price Action Highlights:

Clean BoS and bullish CHoCH confirming buyers stepping in after mid-chart consolidation.

A bullish ascending trendline is forming and currently being respected.

Price recently tested a demand zone near $0.6900–$0.6920 and bounced.

🧱 Support & Resistance

Support Zones:

$0.6900 – Strong demand zone, acted as springboard for recent move.

$0.7000 psychological support and near current trendline.

Resistance Zones:

$0.7300–$0.7350 – Strong supply zone where price sharply reversed.

Minor resistance near $0.7100.

📊 RSI Analysis

RSI (14): 58.82 – showing strong recovery momentum

No bearish divergence seen yet, RSI is recovering after touching the 40 level (typically a reload zone for bulls).

RSI crossing 50 again adds strength to the bounce.

📈 Bullish Signals

Higher lows forming, and demand zones being respected.

Strong reaction candle off demand, suggesting buyer interest.

Ascending triangle formation in development – if confirmed, could break above $0.7100.

🔄 What to Watch For
🟩 Bullish Scenario (Primary Bias)

If price holds the trendline and breaks above $0.7100:

Target $0.7200 and potentially $0.7300–$0.7350

Monitor volume on breakout attempts for confirmation.

🟥 Bearish Risk

A break below $0.6900 invalidates bullish structure.

May target $0.6750–$0.6800 next.

⚔️ Trade Strategy Ideas

Long Bias: Above $0.6900 with stop below $0.6880.

Breakout Long Setup: Buy above $0.7100 with volume confirmation.

Short Setup (only if trendline breaks): Sell below $0.6880 with tight stop, aiming for $0.675.