The $ADA /USDT 15-minute chart reflects a strong upward move, with the current price at 0.5934, marking a 34.74% gain.
This surge has brought ADA close to its 24-hour high of 0.5990, indicating robust bullish momentum. The RSI stands at 68.61, suggesting the asset is nearing overbought territory but still has room for further upside movement.
For traders considering entry, positioning around 0.5934 could be optimal if the bullish trend persists. Resistance levels to monitor include the immediate target of 0.5990, followed by a potential rise to 0.6050 for extended gains.
On the downside, support levels are found at 0.5711 and a stronger base at 0.5510 to manage potential pullbacks. Profit targets could be strategically set at 0.5990 for TP1, 0.6050 for TP2, and a higher level at 0.6100 for TP3.
A stop-loss should be placed below the key support at 0.5480 to minimize risk.
Traders should keep an eye on volume and any shifts in momentum for confirmation of continued upward movement or signs of a possible correction.