Opportunity in correction: ADA Analysis at key support #Tradersleague #Cardano
Cardano (ADA) is testing an important level at $0.45, an area that has acted as:
- Support in May 2025
- Resistance in March 2025
- Point of interest for whales according to on-chain data
My observation:
The weekly RSI shows conditions not seen since January 2023
Buying volume increased by 40% during drops
Good development news in Hydra
Possible strategy:
Staggered entry between $0.45-$0.43
TP1: $0.48 (nearby resistance)
TP2: $0.52 (annual high)
SL: $0.41 (pattern break)
Is anyone else following ADA? Do you think this support will hold?
