ADA – Analysis and Position Opening Strategy on 26/05/2025

#ADA #Cardano #GiaoDich

Current price: $0.7568

24h volatility: +1.29%

24h trading volume: ~$1.2B 

Overall technical trend (M15–H1–H4–D1): Light accumulation around the $0.74–$0.76 range, forming an ascending triangle pattern on the H4 timeframe, approaching the breakout point. 

🎯 Short-term trading strategy

• Long around $0.74, TP $0.81, SL $0.70 – probability 65%

Reason: The ascending triangle pattern on the H4 timeframe indicates a potential breakout if it surpasses the resistance at $0.76, with a target of $0.81.   

• Short around $0.76, TP $0.70, SL $0.78 – probability 55%

Reason: If it fails to break the resistance at $0.76, ADA may correct to the support area at $0.70.  

If you find it useful, please leave a like to support the author. Want to trade ADA? Click on the chart below to place an order directly on Binance.$ADA