$ADA STALLED BELOW RESISTANCE – GEARING UP FOR A BREAKOUT ABOVE $0.81?
Cardano ($ADA ) is currently trading at $0.8046, pulling back slightly after tagging an intraday high of $0.8069. Despite a -5.34% dip, volume remains robust at 883.46K, signaling strong interest as price action compresses near a key resistance level. The coil is tightening—and a decisive move could be imminent.
Key Technical Levels to Watch:
Resistance: $0.8070 – A confirmed break above could unlock bullish momentum.
Support: $0.8000 – Holding this level preserves the current bullish structure.
Trade Setups – Squeeze Building Pressure:
Bullish Breakout Scenario:
Entry: Above $0.8070
Target 1 (TP1): $0.8260
Target 2 (TP2): $0.8480
Stop-Loss: Below $0.7980
Bearish Breakdown Scenario:
Entry: Below $0.8000
Target 1 (TP1): $0.7830
Target 2 (TP2): $0.7710
Stop-Loss: Above $0.8090
Market Pulse:
$ADA is pressing against a critical resistance ceiling. If bulls manage to punch through with volume confirmation, a swift rally could ignite. Conversely, failure to hold $0.8000 may trigger downside pressure. The chart is coiling tightly—expect a move soon.
