$ADA /USDT – Consolidating for the Next Move

$ADA has seen a significant move off its 24h low of $0.8781, rallying to a high of $0.9643 before entering a period of consolidation. The price is currently at $0.9336, trading sideways within a defined range. This consolidation period is a key phase as bulls and bears fight for control, setting the stage for the next breakout or breakdown.

Key Levels to Watch

* Support Zone: $0.9250 – $0.9300

* Resistance Zone: $0.9500 – $0.9600

* Next Bullish Target: $0.9800 – $1.000

* Bearish Risk: A break below $0.9200 could see a retest of the recent low.

Trade Setup

Bullish Breakout Play:

* Entry: Above $0.9500 with volume confirmation.

* Stop Loss: Below $0.9400.

* Targets: $0.9650 → $0.9800 → $1.000.

Bearish Breakdown Play:

* Entry: Below $0.9250 with volume confirmation.

* Stop Loss: Above $0.9350.

* Targets: $0.9150 → $0.9000 → $0.8800.

Pro Tip: Wait for a clear break in either direction with strong volume before entering. Trading within the current consolidation range is risky, as price can move unpredictably.