$ADA's hidden rebound inverse head and shoulders pattern quietly breaks bullish❗$ADA seems to be quietly gathering strength, forming an inverse head and shoulders pattern, indicating that the bulls may just be starting to heat up. If a clean breakout can be achieved above the neckline at $0.69, it could open the door to $0.74 and trigger a new rally.
#ADAAnalysis /USDT – Regaining momentum: Ready to break the range?
Current price: $0.6824 (+1.50%)
24-hour high: $0.6949
24-hour low: $0.6632
Volume surge: 96.77M ADA traded, indicating increasing buyer interest.
Chart analysis:
Cardano (ADA) rebounded after a rapid drop to $0.6632, forming a solid bullish candle on the 15-minute chart. The price action has reclaimed the middle range, with strong momentum towards the $0.6850 level indicating that the bulls are awakening.
Key technical highlights:
StochRSI has rebounded from the oversold zone (29.65), indicating potential for continued upward movement
Higher low formed around $0.6760 – structure remains intact
Bullish volume seems to support the current upward trend
Strategic levels to watch:
Immediate resistance: $0.6850 / $0.6950
Support: $0.6760 / $0.6630
Breakout range: $0.6950+
Next targets: $0.7050 / $0.7200
Trade setup - Bullish bias:
Entry range: $0.6800–$0.6840
Take profit:
TP1: $0.6950
TP2: $0.7050
TP3: $0.7200
Stop loss: Below $0.6625
Pro tip:
Wait for confirmation of a candle close above $0.6850, accompanied by a surge in volume, for a stronger continued signal.
Final note:
ADA is quietly regaining strength, and if this momentum continues, it may quickly challenge recent highs. Stay flexible, manage risks, and closely monitor the price reaction in the $0.6950 area.
Buy and trade $ADA here.