ADA /USDT – Testing Key Support After Strong Yearly Performance
Trade Setup:
Entry Zone: $0.638 – $0.642
Target 1: $0.665
Target 2: $0.685
Target 3: $0.705
Stop Loss: $0.625
ADA is testing crucial support at $0.6415 near its 24h low, despite maintaining an impressive 92.67% yearly gain. The Layer 1 token shows short-term bearish momentum but is approaching oversold territory on lower timeframes. A hold above $0.635 could signal a potential reversal, though buyers need to reclaim $0.665 to shift near-term sentiment.
