$ADA Bounce or Breakdown? Bulls Hanging by a Thread!
Cardano (ADA) is clawing back after a deep dive, trading at $0.5785 with slight recovery signs. But don’t celebrate just yet—ADA faces tight resistance zones that will test the bulls’ strength.
Key Zones to Watch:
• Immediate Resistance: $0.5820
• Breakout Targets:
• TP1: $0.5840
• TP2: $0.5865
• TP3: $0.5900
• Support Floor: $0.5750
(Breakdown here could drag price to $0.5680 and $0.5610)
Volume Insight: Strong volume uptick supports a possible reversal—but confirmation needs a clean candle above $0.5820.
ADA is walking a tightrope. Reclaiming $0.5820 with solid buying pressure opens the door for a rally. But if buyers stall again, expect another leg down. This is a make-or-break zone — be ready for either direction!