🚀 ADA Holding Strong at $0.70 – The Perfect Entry Before a Breakout? 🚀
Cardano (ADA) has climbed 1.3% in 24 hours, stabilizing above $0.70 as bulls attempt to erase the March 2 slump. Despite a 26.6% drop in trading volume, the Fear and Greed Index has improved from 15 to 19, suggesting a shift in sentiment.
🔹 Is the Bottom In?
Buyers have stepped in at discounted prices, though the market remains in Extreme Fear. Renowned crypto trader Ali Martinez emphasizes that ADA must hold above $0.80 to sustain bullish momentum. Breaking past the $1.20 resistance could push ADA towards $10 in the long run!
🔹 Key Resistance at $0.763
Since the start of the year, ADA has dropped 12.6%, yet it has still outperformed Solana (SOL) (-33.6%) and Ethereum (ETH) (-42.7%). Following Trump’s digital asset list revelation on March 2, ADA was included—sparking speculation. However, his executive order limited crypto reserves to Bitcoin, causing some disappointment.
ADA recently bounced from $0.640 and now faces crucial resistance at $0.763—a breakout here could confirm a trend reversal. If bulls take charge, ADA could see a 15% short-term rally! 🚀
Will ADA break through resistance and rally? Drop your thoughts below! 👇💬 #Cardano #ADA #CryptoBreakout #BullishMomentum #CryptoNews
