Binance Technical Analysis: $ADA

/USDT & 3 Key Targets 🎯

ADA/USDT Technical Analysis:

Cardano (ADA) has been showing bullish strength, gaining +5.25% in the past 24 hours. The current price stands at 0.3660 USDT, with steady trading volume supporting the upward movement.

Key Trading Metrics:

Current Price: 0.3660

24h High: 0.3750

24h Low: 0.3500

24h Volume (ADA): 250M

24h Volume (USDT): 91M

MA(7): 0.3635

MA(25): 0.3585

MA(99): 0.3500

Key Support and Resistance Levels:

1. Support Level: 0.3585

This level has been tested multiple times, providing a solid base for ADA’s upward movement.

2. Resistance Levels:

0.3750: Immediate resistance, where selling pressure could occur.

0.3800: Next significant resistance, signaling a bullish breakout.

Next Targets:

1. Target 1: 0.3750

Breaking 0.3750 could push ADA/USDT toward the next resistance at 0.3800.

2. Target 2: 0.3800

Sustained momentum beyond 0.3750 could lead to a test of 0.3800, indicating a continuation of bullish movement.

3. Target 3: 0.3900

Beyond 0.3800, 0.3900 becomes the next psychological target, signaling further upward strength.

Conclusion:

ADA/USDT is showing strong bullish momentum with key support and resistance levels providing clear breakout opportunities. Traders should keep an eye on these levels for potential trades.