#๐ ADA/USDT: Consolidating Before the Next Big Move? ๐ฅ
Cardano (ADA) is currently trading at $1.0894, showing resilience after its recent bullish rally. Here's what weโre seeing on the 4H chart:
๐ Key Moving Averages:
The MA(7) and MA(25) are providing solid short-term support, while the MA(99) below signals strong long-term momentum.
๐ Resistance Zone:
ADA touched a high of $1.1162, struggling to break past the $1.12โ$1.13 zone, indicating a potential ceiling for now.
๐ Volume Dynamics:
Healthy volumes with 24H volume at 166.29M ADA suggest interest is still high, but bulls need to push harder to maintain momentum.
๐ฎ Price Action Outlook:
If ADA stays above $1.08, we might see a retest of $1.13 or even higher levels. A break below could bring $1.03 into play.
๐ฌ Whatโs your take? Will ADA break out of its consolidation and challenge the $1.13 resistance, or are we gearing up for a pullback? Drop your insights below! ๐
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