$ADA is currently testing a critical resistance level at $1.2424, with the price sitting at $1.2219. This level is key to determining the next potential breakout or pullback. On the downside, support at $1.2000 is holding firm, which could act as a safety net in case of a downward move.
For those considering entering the market, a long position above $1.2450 is ideal, with targets at $1.2600, $1.2800, and possibly even $1.3000. However, if the price fails to break above resistance and instead falls below $1.2000, a short entry could be considered, with targets at $1.1800, $1.1600, and $1.1400. A well-placed stop-loss is advised at $1.2200 for longs and $1.2250 for shorts. Keep a close eye on price movements—any breakout above resistance could signal a bullish trend, while failure to break could lead to a pullback. Monitor carefully for signs of momentum!