Target Achieved! 🚀
Trading Pair: $ADA /USDT
Current Price: $0.9184 (+10.81%)
Cardano (ADA) has shown impressive gains but is now retracing after hitting critical resistance levels. Below is a breakdown of the current price action and the next potential targets:
Key Levels:
1. Target 1 (Achieved): $0.9600
Strong resistance level tested before retracement.
2. Target 2 (Next Up): $0.9979
24-hour high, a critical resistance zone. A breakout here could signal further bullish momentum.
3. Target 3 (Final Resistance): $1.0000
Psychological barrier, crucial for confirming a long-term bullish trend.
Action Plan:
Short-Term Traders: Book partial profits at $0.9600 and monitor price action for a breakout towards $0.9979.
Long-Term Investors: Hold positions but adjust stop-loss to protect gains.
Technical Indicators:
Support Zone: $0.9000
Resistance Zone: $0.9600-$1.0000
Cardano's retracement could offer new buying opportunities near $0.9000. A breakout above $0.9600 might lead to further bullish momentum towards $1.0000.