On the daily chart $ADA /USDT is displaying strong bullish momentum, currently trading at 0.6730, representing a near 20% gain and signaling intensified buying interest. This surge places $ADA near a key resistance level at 0.6965, which, if broken, could drive further upward movement as it may attract additional buyers.
The nearest support level is positioned at 0.5754, and holding above this support is crucial to maintaining the uptrend. A drop below this level could suggest a potential pullback or a temporary pause in the rally. Volume has significantly increased, showing strong buying pressure, while the RSI remains in the overbought territory, indicating possible consolidation or a minor correction in the short term.
An entry around 0.6730 could be considered, though waiting for confirmation above the resistance at 0.6965 may offer a more secure entry. Profit targets can be set at 0.6850 for initial gains, 0.7000 as $ADA nears resistance, and 0.7150 if the upward momentum persists.
Setting a stop loss around 0.5600 helps manage downside risk. Overall, ADA’s strong uptrend looks promising, but monitoring the RSI and price action near resistance is essential, as overbought conditions could lead to a brief pullback.