$ADA
$ADA /USDT – Are the bulls testing resistance, breakout, or reversal?
$ADA /USDT is trading at $0.7937, up 3.27%, and approaching a crucial 24-hour high at $0.7943. The price is rising, suggesting bullish momentum, but resistance is nearby.
Key Levels to Watch
Resistance: $0.7943 – A break above this level could send ADA towards $0.81 and $0.83.
Support: $0.7805 – If rejected, ADA could test $0.7757 and $0.7719.
Trade Setup
Long Entry: Above $0.7943, Targets at $0.81 and $0.83.
Short Entry: Below $0.7805, Possible Drop to $0.7757 and $0.7719.
Stop Loss: $0.7760 Buy, $0.7950 Sell.
Market Overview
MACD is turning bullish, indicating momentum shifting in favor of buyers.
High volume supports a potential breakout, but confirmation is needed.
ADA is approaching a resistance test, failure to breakout could lead to a slight pullback.
If ADA breaks $0.7943, expect further upside. Otherwise, rejection may lead to short-term selling pressure