$ADA /USDT has been consolidating in a range for the past few hours. However, the recent price action suggests a potential bullish breakout. The price has broken above the upper boundary of the range, indicating a shift in momentum.
Current Price: $0.9384
Entry: $0.9400 (Buy Stop Order)
Resistance: $0.9500, $0.9600, $0.9700
Support: $0.9300, $0.9200, $0.9100
Stop Loss: $0.9250
Take Profit 1: $0.9550
Take Profit 2: $0.9650
Take Profit 3: $0.9750
Caution: While the technical indicators suggest a bullish bias, it's important to monitor the market closely for any signs of weakness. If the price fails to hold above the $0.9400 level, the bullish momentum may weaken.
#ADAUSDT #Cardano #CryptoTrading #TechnicalAnalysis #Binance