🚨$ADA /USDT Analysis🚨

📊The $ADA /USDT pair is currently trading at $1.1968. The price has been consolidating in a narrow range between $1.05 and $1.24 over the past 24 hours. The 24-hour trading volume is $958.38M for ADA and $1.10B for USDT.

📉Short-term Outlook

The recent price action suggests a potential bullish breakout from the current consolidation range. A break above the resistance level of $1.24 could signal a continuation of the uptrend. On the other hand, a break below the support level of $1.05 could lead to a further decline in price.

📈Long Entry: $1.24 (above the resistance level)

🛑Stop Loss: $1.18 (below the recent swing low)

📉Short Entry: $1.05 (below the support level)

🛑Stop Loss: $1.10 (above the recent swing high)

⚠️Overall, the ADA/USDT pair is currently in a neutral zone. Traders should closely monitor the price action around the resistance and support levels to identify potential entry and exit points.

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