$ADA
ADA/USDT - Key Levels & Trade Setup đ
Cardano (ADA) is showing signs of life after a sharp dip, currently trading around $0.9851 on the 1-hour chart. The price recently bounced from strong support at $0.9500, indicating buyers are stepping in at lower levels. However, $1.00 is the immediate resistance, and bulls need a clean breakout above this psychological level to confirm further upside.
If ADA pushes above $1.00, we could see a move toward $1.05, the next key resistance where sellers previously dominated. On the flip side, if the price fails to hold above $0.95, further downside toward $0.9170 (24h low) is likely.
Trade Strategy:
Bullish Entry: Look for a breakout above $1.00 with strong volume, targeting $1.05.
Bearish Scenario: Watch for a rejection at $1.00 or a break below $0.95 for potential shorts toward $0.9170.
ADA is at a crucial decision pointâwill the bulls regain control, or will sellers push prices lower? Stay sharp, monitor these key levels, and trade smart! đ
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