I’m currently keeping a close eye on Cardano (ADA)$ADA
, which is trading around $0.42. Over the past 24 hours, it’s seen a solid 2.8% gain — a promising uptick worth watching.
📈 Buy Zone: I’m looking at the range between $0.40 and $0.42 as a strong entry point. If momentum continues, this could offer a solid return.
🎯 Target Levels:
• First target: $0.45
• Second target: $0.48
These are key resistance levels where selling pressure may kick in.
🛡️ Risk Management:
Set a stop-loss at $0.39 to limit downside risk in case the market turns.
🔍 Technical Outlook:
• Support is holding firm at $0.40, giving the bulls confidence.
• Resistance near $0.45 might act as a hurdle — keep an eye on price action here.
📊 The overall sentiment appears bullish, with buying pressure building and momentum leaning upward. Traders are showing real interest, and this could be a solid short-term setup.
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