$ADA
Cardano (ADA) is currently trading at $0.80, with a 2.96% increase in the last 24 hours.
*Technical Analysis:*
- *Trend:* ADA shows a bullish trend with potential for further upside, driven by strong momentum and recent price increases.
- *Support Levels:*
- *Immediate Support:* $0.75, which aligns with the 20-day Keltner Channel baseline and represents crucial technical defense.
- *Stronger Support:* $0.68-$0.70 (floor of the previous accumulation range) and $0.60 (horizontal support zone).
- *Resistance Levels:*
- *Immediate Resistance:* $0.8158, $0.869 (major resistance zone), and $1.0227 (primary breakout target).
- *Higher Resistance:* $1.0876, $1.135, $1.3159, and $1.8958.
*Trading Setup:*
- *Entry Zone:* Consider buying above $0.775 with confirmation or on breakout and confirmation above $0.6027.
- *Take Profit:*
- *Short-term Targets:* $0.82, $0.9, $0.98, and $1.0227.
- *Long-term Targets:* $1.135, $1.325, $1.5943-$1.6821, and $2.76 (ultimate target).
- *Stop Loss:* Set a stop loss below $0.523-$0.60 or $0.75 to limit potential losses ¹ ².