$ADA /USDT 4-Hour Chart Analysis 📈

ADA is currently at $0.6963, down 0.74% in the last 24 hours. After a strong rally from $0.6500 to $0.7500 (April 22–26), the price is now consolidating in a symmetrical triangle/pennant pattern.

Here’s the breakdown:

Trend: Uptrend intact, but recent lower highs and higher lows suggest indecision.

Support: $0.6900 (immediate), $0.6800–$0.6850 (stronger), $0.6500 (major).

Resistance: $0.7300 (immediate), $0.7500 (key), with $0.8000 as the next target.

Volume: Declining during consolidation—watch for a spike on breakout.

Pattern: Symmetrical triangle hints at a potential continuation. A break above $0.7300 could target $0.7500–$0.8000, while a drop below $0.6900 may test $0.6800.

Outlook: Slightly bullish bias due to the prior uptrend, but a breakout with volume is key. ADA could remain range-bound ($0.6900–$0.7300) until a catalyst hits. Keep an eye on broader altcoin trends! 🚀📉

#ADA #Cardano