$ADA CONSOLIDATION TIGHTENS: BREAKOUT BREWING?
$ADA is currently trading at $0.7521, showing sideways movement after a short-term bounce from the $0.7500 zone. Despite minor fluctuations, the price remains locked within a tight range. A decisive breakout from this coil could bring the next move.
Key Technical Levels:
• Immediate Resistance: $0.7540 – $0.7560
This zone has capped multiple intraday rallies. A breakout above $0.7560 may ignite upside momentum.
• Strong Support Zone: $0.7500 – $0.7480
Price has repeatedly bounced from this area. If broken, it could trigger a sharp drop toward $0.7440.
• Current Range:
• High: $0.7541
• Low: $0.7506
Trade Setup:
Bullish Scenario:
• Entry: Above $0.7560
• TP1: $0.7620
• TP2: $0.7680
Bearish Scenario:
• Entry: Below $0.7480
• TP1: $0.7440
• TP2: $0.7390
Stop-Loss Placement:
• Longs: Below $0.7490
• Shorts: Above $0.7550
ADA is compressing within a narrow range, with $0.7540 as resistance and $0.7500 as support. Expect volatility to return soon—prepare for a breakout or breakdown with volume confirmation.#WriteToEarnWCT $WCT