📊 Cardano (ADA) Market Update & Outlook
ADA is trading around $0.876, with recent attempts to break above $0.90 resistance running into profit-taking.
Support remains strong between $0.85 – $0.87. If that zone fails, risk points toward ~$0.80 or lower.
A “golden cross” has formed: the 50-day MA crossing above the 200-day MA. This adds structural bullish pressure.
🎯 Upcoming Price Targets
Short-term ---》$0.95 – $1.00 (if resistance at ~$0.90 is broken with volume)
Mid-term ---》Above $1.00, possibly toward $1.10-$1.20, if momentum keeps up and support holds.
⚠️ Key Levels & Risks
Resistance to watch: $0.90 – $0.926 is a heavy barrier. Bulls need strong follow-through here.
Support zones: $0.85 – $0.87 are critical. If ADA falls below this, next supports are ~$0.80 and further down toward ~$0.70.
✅ Trade Setup Idea
Entry: Watch for pullbacks into $0.85-$0.87, ideally with confirmation of bounce.
Stop Loss: Below $0.80, depending on how aggressive or conservative you are.
Take Profit Zones: First target near $0.95-$1.00; second target $1.10-$1.20 if breakout above resistance holds.
📍 ADA is at a pivotal moment: resistance is high, but so is upside if bulls are able to gather strength. Keep eyes on $0.90 and $0.85 – those zones will likely shape the next move.
