Cardano is breaking out of its consolidation range between $0.5860–$0.5890, and the momentum is shifting in favor of the bulls. Previous resistance is now acting as support, with strong buy-side pressure stepping in.
📌 Trade Idea – Long Bias:
• Entry Zone: $0.5880 – $0.5890
• Take-Profit Target: $0.5946
• Stop-Loss Level: $0.5855
🔎 Technical Snapshot:
• Price is bouncing off the lower range with conviction
• Bullish engulfing candles suggest growing demand
• A 15-minute candle close above $0.5890 with solid volume could confirm continuation toward higher levels
💡 Strategy Tip:
Watch ADA closely — a confirmed breakout here could lead the charge in today’s altcoin rotation. This could be the spark that lights up mini-alt rallies across the board.
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