$ADA in Tight Range – Breakout Ahead or Another Fakeout?

Cardano (ADA) is hovering around $0.6283, up +2.21% on the day. The chart shows clear consolidation with repeated rejection from near-term resistance and support holding firm. A breakout is brewing—watch closely.

Key Levels to Watch:

• Resistance: $0.6315 – Break above could trigger bullish momentum.

• Support: $0.6260 – Breakdown may invite intraday selling.

Bullish Breakout Setup:

• Entry: Above $0.6315

• Target 1: $0.6370

• Target 2: $0.6450

Bearish Breakdown Play:

• Entry: Below $0.6260

• Target 1: $0.6190

• Target 2: $0.6100

Volume remains moderate, indicating traders are waiting for confirmation. This is a classic squeeze zone—momentum traders should prepare for sharp movement once either level gives way.

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