$ADA Preparation for Bullish Breakout 🚀
Cardano (ADA) is holding around $0.6032 with a 24-hour gain of +2.65%, showing strength after bouncing from the support area at $0.5827. Increased volume and pushing the price above the average range indicate that the bulls are gearing up.
Entry Area: $0.5950 – $0.6050 (Ideal accumulation range)
Targets:
Target 1: $0.6280
Target 2: $0.6550
Stop Loss:
🔻 Below $0.5820 (to protect against downside risk)
Overview of Indicators:
📈 Relative Strength Index (RSI) is trending upwards
📊 MACD shows a potential crossover
🟩 EMA consolidation supports the continuation of the bullish trend
Watch for a clean breakout above $0.6119 to confirm the movement!
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