🚀 Cardano Breakout: Is a Major ADA Comeback in Sight?
ADA just surged from the $0.5650 support and is now consolidating—gearing up for another move?
📈 After reclaiming $0.5750 and breaking the bearish trendline at $0.5760, ADA is now trading above the 100-hour SMA. Bulls are eyeing the $0.5925 resistance, aligned with the 61.8% Fib level from the $0.6107 swing high.
🧱 Key Resistance Levels:
First: $0.5920
Breakout Zone: $0.6000
Major Hurdle: $0.6200
Bullish Target: $0.650 – $0.6650
🔻 But if ADA fails to clear $0.5920, downside support lies at $0.5850 and $0.5650. A break below could open doors to $0.5450 or even $0.5320.
📊 Tech Check:
MACD: Bullish momentum building
RSI: Holding above 50
Will ADA bulls push through the $0.6000 barrier or is a pullback brewing? Keep your eyes on the charts!
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