๐ Cardano (ADA) is showing bullish momentum, currently trading above key moving averages โ a strong sign that buyers are in control! At 0.7161, itโs experiencing a slight dip, likely due to normal weekend volatility, but the overall trend remains positive.
๐ฏ *Targets:* - TP1:0.74 โ initial resistance, good spot for partial profit-taking - TP2: 0.78 โ confirmation of strength and momentum buildup - TP3:0.8194 โ main target, key psychological and technical level
โ ๏ธ *Stop Loss (SL):* Around 0.68 to limit downside if the dip deepens
| Level | Price () | Notes | |---------|------------|----------------------------------| | Entry | 0.7161 | Current price | | TP1 | 0.74 | Early resistance, partial take profits | | TP2 | 0.78 | Bullish confirmation | | TP3 | 0.8194 | Major target, breakout level | | SL | 0.68 | Risk control zone | ๐ *Analysis:* The dip is normal and healthy in a bullish trend, especially on weekends when volume tends to slow. Staying above major averages shows strong support from buyers. If ADA can hold above 0.70 and push through0.74, expect momentum to pick up and drive it toward $0.82. This aligns with growing ecosystem developments and renewed market interest in Cardanoโs smart contracts and scalability solutions.
Patience and risk management will be key here โ a solid setup for potential gains! ๐