Cardano (ADA) Technical Analysis & Trade Setup
Current Price: $0.9838
24H Change: +4.56%
Market Sentiment: Mixed, with both bullish and bearish arguments.
Trade Setup
• Entry Point: $0.95 - $1.00 (Pullback to support levels)
• Take Profit (TP):
• TP1: $1.10 (Short-term resistance)
• TP2: $1.25 (Next major resistance level)
• Stop Loss (SL): $0.90 (Below recent support level)
Technical Indicators
• Moving Averages: Neutral
• Oscillators: Neutral
• Trend Analysis:
• ADA has been on a strong uptrend (+202% in 6 months).
• Possible breakout above $1 if momentum continues.
• Watch for rejection at resistance zones around $1.10.
Conclusion
• Bullish Scenario: A break above $1.10 could push ADA toward $1.25.
• Bearish Scenario: Losing support at $0.90 may trigger a correction toward $0.85.
This is not financial advice. Always do your own research before trading.
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