$ADA /USDT Price Analysis: Momentum Building Up!š„šÆ
Current Price: $0.9470 (+4.44%)
Timeframe: 30m chart
š Market Analysis:
ADA/USDT is showing a strong bullish move, bouncing from its recent lows near $0.85 and reclaiming momentum. The breakout above $0.90 confirms buyersā control, pushing the price near resistance at $0.95-$0.96. With steady volume, the market looks poised for a continuation.
š Key Levels to Watch:
ā¢ Long Entry: Above $0.96, targeting $1.00-$1.02 (short-term), with stop-loss at $0.92.
ā¢ Short Entry: Below $0.92, aiming for $0.88-$0.85, keeping a stop-loss at $0.95.
š Next Move:
A breakout above $0.96 will likely lead to a test of $1.00 psychological resistance, where a strong rally may push the price higher. Failure to hold $0.92 might trigger a correction, retesting previous support at $0.85.
š” Advice:
Secure partial profits at key levels and adjust stop-losses to safeguard gains. Both short-term scalpers and long-term holders can capitalize on these price movements.