$ADA Squeeze Underway – Breakout or Breakdown?
$ADA is hovering around $0.7414, showing weakness after multiple failed attempts to reclaim the $0.7500 zone. Price recently bounced from intraday lows but remains below key resistance. A decisive move is brewing.
Key Levels to Watch
Resistance Zones:
• $0.7450 – Immediate rejection zone
• $0.7500 – Major breakout barrier
• $0.7560 – Intraday high and major resistance
Support Zones:
• $0.7400 – Current short-term support
• $0.7350 – Breakdown trigger
• $0.7267 – 24h low and major demand zone
Trade Setup
Bullish Entry: On breakout above $0.7500 with rising volume
• Target 1: $0.7560
• Target 2: $0.7650
Bearish Entry: On candle close below $0.7400 with strong red volume
• Target 1: $0.7350
• Target 2: $0.7270
ADA is caught in a narrow range. Watch for volume spikes and rejection wicks near $0.7450–$0.7500. A breakdown below $0.7400 could accelerate downside.
