$ADA /USDT: Cardano Steady at $1.0907 (+0.49%) – Can the Bulls Push Higher?
Cardano ($ADA) is trading at $1.0907, up +0.49% in the last session. After hitting a high of $1.1194, ADA has entered a consolidation phase, staying above the $1.08 level.
Key Levels to Watch:
Resistance: $1.1162 – A breakout above this level could signal renewed bullish momentum.
Support: $1.0575 – Holding above this level is crucial to avoid further downside risks.
Market Observations:
$ADA has shown resilience after recovering from a low of $1.0575, maintaining a steady range.
Consolidation near $1.09 suggests buyers are holding ground while awaiting the next big move.
Potential Scenarios:
Bullish Breakout: A move above $1.1162 could push ADA toward $1.12 and beyond, with $1.15 as the next target.
Bearish Retest: A drop below $1.0575 may trigger a retest of the $1.04 support zone.
Traders should monitor trading volume and momentum closely as ADA navigates these critical levels. Will Cardano make a bullish push or continue its rangebound journey?