Technical analysis and outlook on currency $ADA 🔍
The Cardano currency ($ADA ) is one of the projects that focuses on security and sustainability, and it is known that it does not like sudden movements, but when it breaks resistance, it provides a stable upward path. Recently, we are seeing quiet accumulation above strong support levels.
💰 Current price: 0.52$
🎯 Important areas I am monitoring:
• Main support: 0.49$
• Nearby resistance: 0.57$
🎯 Targets:
• First target: 0.61$
• Second target: 0.67$
• Long-term target: 0.82$
🛑 Stop loss:
• Clear break below 0.47$ with closing.
📊 Indicator analysis:
• RSI around 55 → Normal condition, neither overbought nor fearful.
• MACD leaning towards a positive breakout if we surpass 0.57$.
• Trading volume is stable → Indicates accumulation more than selling.
💡 My personal opinion:
$ADA is one of the currencies that needs a bit of patience, but when it moves, it provides a clear price range.
A breakout above 0.57$ with a 4-hour close opens the way comfortably towards 0.61$ and then 0.67$.
As long as the price is above 0.49$, the situation is positive and I see no fear.
⚠️ Warning:
This is personal analysis only, not financial advice.
Capital management is more important than any target 🎯
