$ADA /USDT Technical Analysis - Binance

📊 Current Price: $0.8971 (-2.85%)

⏰ Timeframe: 30m

Analysis & Targets

Cardano ($ADA ) is trending lower, testing support levels as it moves within a short-term downtrend. Here are the potential targets for traders:

1️⃣ Target 1: $0.9100

Immediate resistance level; breaking above could indicate a short-term recovery.

2️⃣ Target 2: $0.9250

Significant resistance where sellers are expected to be active. A breakout may signal bullish continuation.

3️⃣ Target 3: $0.9400

Major resistance level, aligned with the 24-hour high. Breaking this could lead to a stronger uptrend.

---

Strategy

📈 Bullish Case: Monitor for a breakout above $0.9000. Gradually take profits at each target level.

📉 Bearish Case: If ADA breaks below $0.8950, it may retest the next support level around $0.8800.

⚠️ Risk Management:

Set stop-loss below $0.8900 to minimize downside risks.

Position size should reflect market volatility.

#CryptoTrading #ADAUSDT #Binance #TradingSignals #TechnicalAnalysis