$ADA

/USDT Strong Bull Run Outlook Confirm 💯 💫

Current Price: $0.9636 (+9.20%)

24h High: $0.9828

24h Low: $0.8772

24h Volume (ADA): 258.92M ADA

24h Volume (USDT): 243.34M USDT

Key Information

Cardano (ADA), a leading Layer 1 blockchain, has seen impressive gains with a bullish trend in the last 24 hours. Volume is solid, indicating growing market participation.

Technical Indicators

1. Bollinger Bands:

Price is nearing the upper band, indicating potential for continued upward movement.

2. Moving Averages (MA/EMA):

50 EMA: $0.9300 (support).

200 EMA: $0.9750 (resistance).

3. MACD:

Bullish momentum is confirmed on the 15-minute chart.

4. RSI:

RSI around 65, showing strong bullish momentum but not overbought.

Trade Strategy 🎯

Entry Zone

$0.9300–$0.9500 (entry on a pullback).

Target Levels

1. 🎯 Target 1: $0.9750

Testing resistance level, partial profit recommended.

2. 🎯 Target 2: $0.9850

New resistance, continue holding if momentum strengthens.

3. 🎯 Target 3: $1.00

Breakout level, consider full exit or ride the trend.

Stop-Loss

Set at $0.8770 (below recent low) to manage risk.

Pro Tip: Look for volume spikes near $0.9750 to confirm breakout. Consider adjusting the stop-loss to breakeven after reaching Target 1 for risk-free trading.

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