$ADA Technical Analysis of Cardano (ADA) – March 5, 2025

Current Price: $0.96

ADAUSDT

Perp

0.9553

+10%

Change in 24H: +9.75%

Trend: Bullish

Key Levels:

Resistance: $1.00 – $1.15 (Breakout Zone)

Support: $0.76 – $0.85 (Strong Buy Zone)

Technical Indicators:

Moving Averages: The price trading above the 20-day EMA ($0.76) indicates bullish momentum.

RSI: 70.22 (Overbought Zone, possible correction ahead).

MACD: Slight bearish crossover, suggesting short-term consolidation.

Market Sentiment:

Cardano has increased by 45% in a week, showing strong investor confidence. However, the overbought RSI signals a potential pullback before further gains.

Trade Setup:

📈 Long Setup (Bullish Trade):

Entry: $0.85 – $0.90 (On pullback)

Take Profit Targets:

TP1: $1.00

TP2: $1.10

TP3: $1.15

Stop Loss: Below $0.76

📉 Short Setup (Bearish Trade):

Entry: $1.00 – $1.05 (If there is rejection at resistance)

Take Profit Targets:

TP1: $0.90

TP2: $0.85

TP3: $0.76

Stop Loss: Above $1.10

Professional Advice: Wait for a clear breakout above $1.00 or a pullback to $0.85 for the best risk-reward entry.#WhiteHouseCryptoSummit