$ADA /USDT – Bullish Recovery Gaining Strength Above Support Zone
Cardano is currently trading at 0.8290 after climbing 3.32 percent in the last 24 hours. The hourly chart highlights a strong recovery from the 0.7813 low with price now forming higher lows and breaking back into the previous resistance range. Momentum is improving and the bulls are attempting to reclaim control after recent volatility
The immediate resistance lies at 0.8449 which was the 24 hour high. A break above this level could open the path toward 0.8600 and 0.8820 in the near term. The current pattern shows buyers defending the 0.8000 psychological level multiple times indicating accumulation at lower levels
Key support rests at 0.8100 followed by 0.7900. As long as price remains above these zones the bullish bias remains intact. A breakdown below 0.7800 would invalidate the setup and shift momentum back in favor of sellers
Market Outlook
Trend is bullish with price climbing above key support
Immediate resistance at 0.8449
Short term targets at 0.8600 and 0.8820
Support at 0.8100 and 0.7900
Trend invalidation on close below 0.7800
Trade Setups
Short-Term Trade
Entry near 0.8250
Target 1 at 0.8440
Target 2 at 0.8600
Stop Loss at 0.8100
Swing Trade
Entry between 0.8100 and 0.8290
Target 1 at 0.8600
Target 2 at 0.8820
Target 3 at 0.9100
Stop Loss at 0.7800
Cardano is showing signs of strength as it reclaims key intraday levels. A breakout above the 0.8450 mark could confirm trend continuation with attractive upside potential for both short and swing positions.#ADABullish #ADA/BNB #cryptouniverseofficial $ADA