$ADA ​📈 Bulls Defend $0.60 as Bottoming Signals Emerge

Cardano’s price action is flashing early signs of a potential bottom as bulls hold firm near the critical $0.60 support zone. After weeks of downside pressure, momentum indicators and structural patterns suggest that $ADA may be transitioning from a sell-off phase into a period of accumulation.

The recent leverage flush and liquidations appear to have cleared weaker positions from the market, often a precursor to a bottom formation. Moreover, renewed attention on Cardano’s ecosystem upgrades and staking activity could provide the fundamental backing for a recovery phase.

🔹 What Traders Are Watching

Level Bias Implication

$0.60–$0.62 Key Support Sustained defense confirms base-building

$0.75 Resistance Breakout point for short-term rally

$0.90–$1.00 Target Zone Potential upside if bullish momentum holds

With technicals stabilizing and sentiment gradually improving, ADA appears to be carving out a near-term bottom. Cautious optimism is warranted—confirmation through volume expansion and follow-through above resistance remains essential for validating the setup.

#Cardano #ADA #cryptotrading #TechnicalAnalysis #altcoins $BNB

@Yousf27Muhammad