🚨 Cardano Set for a Breakout! Key Levels in Focus! 🚨

Here’s a quick breakdown of Cardano's (ADA) market structure using Volume Profile indicators. These levels are crucial to watch for potential bullish or bearish moves.

Point of Control (POC) - $0.5962: This high-volume level acts as a major pivot. Cardano is flirting with this line, and a clear break above could signal bullish momentum. Staying below indicates weakness.

Value Area (VA) - $0.4409 to $0.6622: This zone contains 70% of trading activity, marking support and resistance levels. Right now, ADA trades within this range, but it must close above the POC to indicate bullish intent.

High Volume Nodes (HVNs): Major HVNs outside the VA act as strong support/resistance. The $0.4409 level (MVAL) shows robust support; a drop here could trigger buying interest.

Time-Weighted Average Price (TWAP) - $0.6109: Below this level, Cardano shows bearish momentum. ADA needs to break above TWAP for bulls to take control.

Mid Value Area Trend (MVAT) - $0.5515: ADA is consolidating above MVAT, a good sign of building strength, but it needs a push above $0.5962 for confirmation.

🚀 A breakout above $0.5962 could unleash strong buying!

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