### **Technical Analysis of Cardano #ADA /#USDT - #4h - #Binance

**Updated:** 12/Jun/2025 09:04 UTC-4

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#### **📌 Key Data**

- **Current Price:** **$0.6847** (+0.26% in 4h).

- **Current Range:** $0.6822 (L) - $0.6847 (H).

- **Immediate Supports:** $0.6822 → $0.6652 (key).

- **Resistances:** $0.6900 → $0.7000 (psychological) → $0.7100.

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### **📊 Relevant Technical Signals**

1. **Market Structure:**

- **Lateral Trend** in a narrow channel ($0.6822 - $0.6900).

- Break of $0.6900 with volume could push to $0.7000+.

- Loss of $0.6822 could retest $0.6652 (strong support).

2. **Key Indicators:**

- **RSI (14):** ~55 (neutral, no overbought).

- **Volume:** Low on rise (+0.26%), needs confirmation for continuity.

3. **Possible Scenarios:**

- **Bullish:** Close above $0.6900 for target $0.7000 - $0.7100.

- **Bearish:** If it loses $0.6822, next support at $0.6652.

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### **⚡ Recommended Strategy (Swing Trading)**

- **Long (Buy):**

- **Entry:** $0.6840 - $0.6820 (demand zone).

- **TP1:** $0.6900 (+0.8%).

- **TP2:** $0.7000 (+2.3%).

- **SL:** $0.6750 (-1.3%).

- **Short (Sell):** Only if it closes below $0.6820 (target $0.6650).

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### **🔍 Important Observations**

- **Low Volume:** Lateral movements require patience.

- **Key Resistance:** $0.7000 is a strong psychological level.

- **Altcoin Risk:** ADA is volatile; use strict risk management.

**🔴 Note:** SL mandatory. Do not over-leverage (max. 5x on futures).

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*Source: TradingView #ElFather Educational analysis. Not financial advice.*

Do you need to adjust TP/SL or analyze another timeframe? Let me know! 🚀