ADA Night Surge! Breaks through the key level of $0.99, short-term strategy is bullish!

Current ADA price: $0.9980

With recent market sentiment warming up, the price of Cardano (ADA) has experienced a strong rebound, currently attempting to break through the key psychological level of $0.99. As one of the largest public chains in the world, Cardano's ecological construction continues to advance, attracting more and more investor attention. Under the condition of overall market stability, ADA's upward trend has clearly been validated by the market. The current price is close to $1, and if it can break through this important technical position, ADA's upward space will be further opened.

Technical Analysis: Current Trend of ADA

The price of ADA is currently approaching $0.99, which has always been a very critical technical resistance level. If the price breaks through $0.99, a stronger upward trend may follow, and it is likely to test the target range of $1.05 and $1.10. Conversely, if the price fails to effectively break through $0.99, it may face correction pressure, with short-term support levels appearing at $0.95 and $0.92.

Support Levels:

$0.95 (short-term support level) $0.92 (strong support area)

Resistance Levels:

$0.99 (current key resistance level) $1.05 (next target level)

Short-Term Contract Strategy:

Long Strategy:

Entry Point: Enter long when ADA breaks through $0.99 and steadily rises, with a target price set at $1.05 or higher. Stop Loss: Set the stop loss at $0.95 to prevent losses from price retracement. Leverage: It is recommended to use 4x leverage to increase profit margins while being cautious of risk control.

Short Strategy:

Entry Point: If ADA fails to break through $0.99 and shows signs of a pullback, short near $0.99. Take Profit Point: Set the target price at $0.92, which is an important support area. Leverage: Use 3x leverage to profit from short-term pullbacks.

ADA breaks through $0.99, or welcomes a new round of gains!

As the ADA price approaches the resistance level of $1, the probability of a breakthrough greatly increases. Once broken, ADA is very likely to initiate a new wave of upward momentum, aiming for $1.05, or even higher targets. $ADA