technical analysis for $ADA /USDT with three target levels and trade momentum:🚀🚀🚀🔥🔥👍
Current Price: $1.08
24h High: $1.1190
24h Low: $1.0389
Key Support and Resistance Levels:
Support Zone: $1.04 - $1.05 (Previous low and psychological support)
Resistance Zone: $1.12 - $1.13 (Recent highs and resistance)
Trade Signal:
Buy Signal: If ADA/USDT breaks above $1.12, with sustained momentum, it could signal an upward trend continuation.
Sell Signal: If ADA/USDT falls below $1.04, it might indicate a potential downtrend or consolidation.
Target Levels 🎯:
1. Target 1 (Short-term): $1.13 – The price is likely to test this resistance area soon, based on current momentum.
2. Target 2 (Medium-term): $1.18 – If ADA continues bullish, the next resistance level could be $1.18.
3. Target 3 (Long-term): $1.25 – This is a higher resistance level if the bullish momentum extends further.
Trade Momentum:
Momentum: The price has shown a positive momentum with a +1.51% increase. The 24h volume indicates moderate interest, so a breakout above $1.12 could lead to a strong bullish movement. On the flip side, if the price fails to break above $1.12 and starts declining, the support zone at $1.04 will be crucial to watch for potential bounce.
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