$ADA BULLISH CONSOLIDATION – EYES ON $0.70 BREAKOUT
Cardano (ADA) is trading at $0.6399 (+2.37%), holding steady above short-term support and showing early signs of bullish continuation. With volume support and rising lows, ADA appears to be building momentum for a move toward key resistance levels.
🔍 KEY LEVELS TO WATCH:
Resistance Levels:
$0.6506 (24h high / immediate resistance)
$0.6600 (minor resistance)
$0.7000–$0.7200 (major breakout zone)
$0.7400 (extension target)
Support Levels:
$0.6300 (local intraday support)
$0.6208 (24h low / structure base)
$0.6000 (psychological and technical floor)
Volume Outlook:
ADA Volume: 65.18M
USDT Volume: 41.50M
Healthy participation, Volume SMA supports current move
📈 TRADE SETUP – LONG BIAS:
Entry Zone: $0.635–$0.645 (pullback or breakout play)
Take Profit Targets:
TP1: $0.660
TP2: $0.700
TP3: $0.740
Stop-Loss: $0.620 (below recent low and breakout base)
🛡️ RISK MANAGEMENT:
Risk only 1–2% of capital. Consider scaling out profits near resistance. Move SL to entry on break above $0.660 to secure gains.
📊 SUMMARY:
$ADA/USDT is holding its uptrend well and attempting a breakout from consolidation. A clear move above $0.6506 could open the way toward $0.70 and beyond. As long as ADA holds above $0.620, long setups remain valid.
Momentum favors the bulls – breakout confirmation is key! 🚀📈
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