$ADA 🚀 🚀 BULLISH MOMENTUM 🚀 🚀
ADA/USDT Trade Setup – Bullish Breakout in Progress?
Current Price: $0.8011
24H Volume: $138.37M USDT
Date: May 22, 2025
Exchange: Binance
Cardano (ADA) has entered a consolidation range near $0.80, holding gains after a recent upside push. With increasing volume and bullish chart structure, ADA is setting up for a potential breakout.
Trading strategy: Long term
Entry Zone:
Aggressive Entry: Market buy around $0.8011
Conservative Entry: Wait for breakout above $0.84 with volume confirmation
Stop Loss:
Below $0.76 support (approx. -6%)
Optional tighter stop: $0.78 (for short-term scalps)
Targets:
TP1: $0.86 (local resistance)
TP2: $0.91 (psychological level + Fibonacci 1.618 extension)
TP3: $1.00 (strong round-number resistance & breakout target)
Conclusion
ADA is showing signs of strength, with bullish indicators aligning for a possible breakout above $0.84. Traders should monitor volume on the breakout attempt and manage risk tightly below support. With broader market sentiment improving and ADA forming a base, the $0.90–$1.00 zone is a realistic mid-term objective.