$ADA
ADAUSDT – Testing Support, Bulls Eyeing a Short-Term Reversal!
ADAUSDT is trading near $0.6347, consolidating at the lower edge of its volume cluster (0.63–0.64) after a series of lower highs. Price is holding just above major liquidity support, with selling pressure slowing down and MACD showing early signs of flattening — hinting that a short-term bounce could be brewing.
Trade Plan
Entry (Long): $0.632 – $0.639 (accumulate near support zone)
Target 1: $0.652 (minor resistance zone)
Target 2: $0.668 (mean reversion zone)
Stop Loss: $0.624 (below current liquidity base)
My View
Cardano is sitting at a make-or-break level. As long as $0.63 support holds, the probability of a mean reversion bounce remains high. A push above $0.6420 would likely trigger short-covering momentum, offering a clean ride toward $0.66+.
Disclaimer: This analysis is for educational purposes only — not financial advice. Always DYOR before trading.
