$ADA – Bullish Continuation in Sight?
$ADA just tagged a local high of $0.8414 before consolidating near $0.8168 (+2.30%), hinting at strong bullish momentum. On the 4H chart, the Parabolic SAR dots are trailing well below the price, signaling a continued uptrend. This comes after ADA bounced from a low of $0.7100, showing over 15% recovery in just a few sessions.
The order book is in the bulls' favor with 58.17% buy pressure, while the 24H volume remains high, indicating active participation and interest. ADA’s current trend remains hot and in demand across Layer 1 narratives.
Trade Setup:
Entry: $0.8168
TP1: $0.8450
TP2: $0.8720
TP3: $0.9000
SL: $0.7800
Support: $0.7955
Resistance: $0.8414
Momentum Tip: If price closes above $0.8450 with volume, expect a strong push toward $0.90. Watch for Parabolic SAR shift as early exit signal.