$ADA /USDT (Cardano) chart on the 1-hour timeframe from Binance.

$ADA Current Price: $0.5851

24h High: $0.5910

24h Low: $0.5722

šŸ” Market Observation

The price recently formed a higher low and is pushing back towards the $0.5900 resistance zone.

If ADA/USDT breaks above $0.5910, it can gain bullish momentum.

Immediate support lies near $0.5750-$0.5720, while resistance is at $0.5910-$0.5950.

āš”ļø Trade Idea (Short Term)

Long Entry: On breakout above $0.5910

Targets (TP): $0.5950 / $0.6000

Stop Loss (SL): $0.5820

Or

Short Entry: If price gets rejected from $0.5910

Targets (TP): $0.5800 / $0.5750

Stop Loss (SL):

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$ADA