$ADA
ADA/USDT - Key Levels & Trading Strategy ๐
Cardano (ADA) is showing signs of recovery after a sharp decline, currently trading at $0.9764 on the 1-hour chart. The price recently bounced off strong support at $0.9500, signaling buyer interest at lower levels. However, the immediate resistance lies at $1.00, and a clear breakout above this psychological level is needed for further upside.
If ADA breaks through $1.00, it could target $1.05, the next key resistance. On the other hand, if the price fails to maintain above $0.95, a decline toward $0.9170 (24h low) is likely.
Trading Strategy: Bullish Entry: Look for a breakout above $1.00 with high volume, targeting $1.05. Bearish Scenario: Watch for a rejection at $1.00 or a drop below $0.95 to consider shorts toward $0.9170.
ADA is at a critical junctureโwill the bulls take control, or will the bears push prices lower? Keep an eye on these levels and trade wisely! ๐