Cardano (ADA) has bounced off a strong demand zone around $0.7298 with bullish momentum showing on the lower timeframe. This level has held multiple times in the past, making it a critical area of interest for buyers. The LuxAlgo indicator confirms high demand in this region.
Two major resistance levels lie ahead at $0.7842 and $0.8412 – both previously tested supply zones. If ADA can maintain its current bullish momentum and break above $0.75 with volume, we could see a short-term rally toward these key zones.
Bias: Bullish (while price holds above $0.7298)
Watch for:
Bullish engulfing candles around $0.73
Break and retest of $0.75 = potential entry
Volume confirmation on push toward $0.7842
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