🚀 ADA Support & Resistance Levels Explained! 📉📈
🟣 Currently trading at $0.6286, ada is experiencing a bit of selling pressure (−1.29%) after touching a 24-hour high of $0.645 and bouncing off a low of $0.6263.
🔹 Support Levels 🟢:
✅ Immediate Support is at $0.62 — this is a key area where buying pressure previously came in (low of the day), helping to keep the price from dropping further.
✅ If selling increases, we may see a drop toward $0.61, a strong base for the price to consolidate.
🔹 Resistance Levels 🔴:
🚀 Immediate resistance lies at $0.65, which was the 24-hour high. A break above this could push ada toward its next hurdle at $0.71, where selling pressure previously intensified.
🚀 Beyond $0.71, we may be able to test $0.74-0.76 if momentum picks up.
🔥 Tip: Keep an eye on these key levels. A break above resistance signals a potential upward move, while falling below support may indicate further downside.
🎉 Cardano is at a crucial crossroads — are you ready for the next move? 🌟