📈 $ADA Heading to $1, Too Fast or Just Getting Started?
#ADAUpdate #CryptoAnalysis #BinanceFeed
Over the past week, $ADA has experienced a significant spike and is now hovering around $0.85, up more than 13%! 🔥
✅ Technical Analysis:
• Strong breakout resistance at $0.77
• Daily RSI 73: approaching overbought, but no sign of reversal yet
• Rounding bottom pattern formed → continuation bullish signal
• Short-term target: $0.90 – $1.00
🔍 Fundamental Analysis:
• 60% of supply locked in staking (strong hodler sign)
• Cardano ecosystem TVL sharply increased
• Positive rumors surrounding ETF & institutional interest starting to flow
🎯 Trader Strategy:
• Conservative entry: $0.80–$0.82 | Target: $0.95–$1.00 | SL: below $0.75
• Aggressive entry: after breakout at $0.86 | Target: $1.10
• Use trailing stop & don’t FOMO 🙅
⚠️ But remember: fast spikes = fast correction risk too. If you're already in profit, don’t be too greedy. Realize your gains.
