🌟 $ADA USDT BULLISH REVERSAL – CAN CARDANO BREAK ABOVE $0.60?
$ADA is showing a modest +0.83% gain today, signalling early bullish momentum from the recent $0.5550 low. Buyers are attempting to form a higher low structure, which could fuel a strong upside move if resistance levels are broken.
📊 Key Levels
Support: $0.5550 – $0.5500 (bullish defence zone)
Resistance: $0.5850 (minor), $0.6050 (major breakout level)
Current Price: $0.5679
🎯 Trade Setup (Swing/Short-term)
Entry Zone: $0.5650 – $0.5700 (current retest region)
Targets:
TP1: $0.5850
TP2: $0.6000
TP3: $0.6050 (breakout extension)
Stop Loss: Below $0.5500
📈 Market Outlook ADA is attempting to reverse its recent downtrend with gradual bullish candles forming on the daily chart. A break and close above $0.5850 will confirm bullish continuation towards the $0.6050 zone.
⚠️ Risk Management Always risk less than 2% per trade. Prioritise retest entries to maximise your risk-to-reward ratio.
💡 ADA's ecosystem upgrades could support this technical bounce – keep it on your radar for the coming sessions!