$ADA/USDT – Breakout Retest in Progress

Current Price: $0.6130 (+12.31%)

24H Range: $0.5351 – $0.6152

Market Overview:

Cardano ($ADA) has successfully broken through the key resistance level at $0.6000, signaling a strong bullish momentum. The market structure is forming higher lows, supported by increasing trading volume—an encouraging sign for potential continuation of the uptrend.

Key Technical Levels:

Resistance: $0.6200 / $0.6400

Support: $0.6000 / $0.5800

Trade Strategy:

Entry Zone: $0.6000 – $0.6130 (breakout retest area)

Targets:

TP1: $0.6250

TP2: $0.6400

TP3: $0.6600

Stop Loss: Below $0.5900

Technical Insight:

Traders should monitor for a confirmed 15-minute or 1-hour candle close above $0.6200 with strong volume. This would provide further confirmation of bullish continuation.

Cardano is demonstrating strong momentum—stay alert and manage your risk while positioning for potential upside.

BUy and hold $ADA here

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