📊 ADA/USDT (Cardano) Spot Analysis

📅 Timeframe: 1D | Exchange: Binance

🔍 Technical Analysis:

ADA has broken out of a long-term downtrend line, which is clearly visible on the chart. It has also reversed from the strong support zone ($0.50–$0.60) and started an uptrend.

🟢 Signal Highlights:

✅ Long-term resistance trendline broken

✅ Multiple bounces to support zone prove strength

✅ Current price is above $0.73

📌 Key Levels:

🔽 Support: $0.50 – $0.60

🔼 Resistance: $0.80 → $1.00 → $1.30

🚀 Next Possible Targets:

After trendline breakout, first target could be $0.80+, and then move gradually towards $1.00-$1.30.

🧠 Tips for Traders:

ADA is currently in a positive momentum. Could be a good place to take an entry, but be sure to manage risk using stops.

⚠️ Disclaimer: This analysis is for educational purposes only. Make investment decisions at your own risk.

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