$ADA is in an uptrend, with the price consistently forming higher highs and higher lows over the 15-minute timeframe. The current trend and moving averages suggest strong bullish momentum. Traders can consider entering long positions if the price consolidates above $0.7500 or breaks the resistance at $0.7805 with volume. If the price retraces below the $0.7332 support level, it could indicate a short-term correction towards the $0.6923 level.
Trading Strategy:
For Long Positions: Wait for a breakout above $0.7805 with high volume confirmation. Target $0.8000 and beyond.
For Short Positions: Consider entering if ADA/USDT fails to hold $0.7332, targeting $0.6923 as the next level.
Support and Resistance Levels:
Support: The immediate support is around $0.7332, followed by a stronger support level near $0.6923 (99-period MA).
Resistance: The next major resistance is the 24-hour high at $0.7805. A breakout above this level could lead to further upside.
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