$ADA

/USDT Technical Analysis

Cardano (ADA) has shown strong bullish momentum, currently trading at $0.6817 with a 21.02% price surge. Here's a closer look at the market structure and potential targets:

Key Levels:

Resistance 1: $0.7000 (short-term target 🎯)

If ADA breaks above $0.7000, we could see increased buying pressure.

Resistance 2: $0.7400 (medium-term target 🎯)

A break above this level may signal the continuation of the uptrend.

Resistance 3: $0.8000 (long-term target 🎯)

A significant psychological level where profit-taking could occur.

Support Levels:

Immediate support lies at $0.6600, followed by $0.6400, ensuring downside protection.

Trading Tip:

Watch for volume confirmation and RSI levels for breakout validation. With ADA’s current momentum, short-term traders may target $0.7000, while long-term holders could eye $0.8000.

Stay updated and trade responsibly on Binance!