$ADA USDT – Bullish reversal signal after double bottom near $0.730
The price has regained strength above all moving average levels
Strong rejection from the bottom at $0.7305
$ADA sharply bounced after forming a double bottom near $0.7105 and has now reclaimed MA7 ($0.7313), MA25 ($0.7292), and MA99 ($0.7302) on the hourly chart. This structure indicates the beginning of a short-term bullish reversal.
A slight rejection was observed at $0.7434, but if the price remains above $0.7290, it could push bulls towards the $0.75+
Long entry: $0.7320
Targets (TP): $0.7430 / $0.7560
Stop loss (SL): $0.7245
Watch for consolidation above moving averages for potential breakout towards recent highs
