Cardano (ADA) has confirmed a bullish breakout, signaling the start of a potential bull run. The price has pushed above key resistance levels with increased buying momentum, suggesting further upside. The 1-hour chart shows a clear reversal from recent lows, with higher lows forming and price action holding above key support at $0.7122. Volume has increased, confirming strong buying interest.
Trade Setup Entry Price: $0.7245 Take Profit (TP): $0.8380 Stop Loss (SL): $0.6907
Additional Insight ADAâs bullish momentum is backed by increased volume and a strong recovery from recent lows. Holding above the $0.7122 support level will be critical for sustaining this upward momentum. If ADA closes above $0.7500 on the 4-hour chart, further acceleration toward $0.8380 is likely. Manage risk carefully and trail your stop loss if price action remains strong.