$ADA Next target analysis:
Based on the chart provided, here’s an analysis of the next possible targets for ADA/USDT:
1. Resistance Levels:
Immediate Resistance: The current resistance is around 0.6965. If ADA can break above this level with strong volume, it may signal continued bullish momentum.
Next Target after Breakout: If ADA breaks the 0.6965 resistance, the next potential target could be around 0.75. This would align with typical resistance levels and possible psychological resistance near round numbers.
2. Support Levels:
Immediate Support: If ADA pulls back, the immediate support level is around 0.58 (visible as a recent support area).
Stronger Support: If the pullback is more substantial, look for support around the EMA (25) at 0.5737, or even the EMA (99) at 0.4757 if the bearish pressure intensifies.
3. Indicators:
RSI and Stochastic RSI: Since both the RSI and Stochastic RSI are in overbought zones, there's a chance for a short-term pullback or consolidation before another potential move upward. A pullback to support levels could provide a more stable entry if the uptrend continues.
Next Targets Summary:
Bullish Target: 0.6965 (immediate), then 0.75 on a strong breakout.
Bearish Pullback: Immediate support at 0.58, with further support around 0.5737 (EMA 25) if the price declines.