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$CFX Facing Resistance – Breakout or Another Rejection Ahead?
ADA/USDT is currently trading at $0.8084, showing a modest pullback of -2.57% after a recovery bounce from the $0.78 zone. Price is consolidating just below the $0.82 resistance with decreasing volume, suggesting indecision. A confirmed breakout could trigger momentum, while failure here may pull price back toward support.
Key Levels to Watch:
• Resistance Zone: $0.8150 – $0.8200
A clean breakout above this level could lead to a quick move toward $0.8350.
• Support Zone: $0.8000 – $0.7880
If this level breaks, ADA may revisit lower consolidation zones.
Trade Setup – Tight Range With Clear Risk:
Bullish Scenario
• Entry (Confirmed Breakout): Above $0.8200
• Target 1: $0.8300
• Target 2: $0.8350
• Stop Loss: Below $0.8000
Bearish Scenario
• Entry (Breakdown Below Support): Below $0.8000
• Target 1: $0.7880
• Target 2: $0.7750
• Stop Loss: Above $0.8150
ADA is stuck in a narrow range between $0.80 and $0.82. If bulls break the upper band, a short-term push toward $0.83+ is likely. However, a failure to hold $0.80 may attract renewed selling pressure. Monitor closely for volume spike and candle confirmation.
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{spot}(CFXUSDT)