$ADA
/USDT Trading Update – Will ADA Regain Its Momentum?
Current Price: $0.9417 (-4.94%)
24H High: $1.0083 | 24H Low: $0.9079
24H Volume: 354.30M ADA ($337.35M)
Key Levels to Watch:
Immediate Resistance: $0.9604
Critical Support: $0.9228
Mid-Term Target: $0.9752
Long-Term Target: $1.0083
Market Analysis:
Cardano (ADA) experienced a significant pullback of nearly 5%, testing its key support zones. With steady volume at 354.30M ADA, there’s potential for a recovery if the price holds above $0.9228. A push beyond $0.9604 may confirm bullish momentum.
Trading Strategy Suggestion:
Entry Range: $0.9380–$0.9450
Target 1: $0.9520
Target 2: $0.9604
Target 3: $0.9752
Stop Loss: $0.9228
Observation:
ADA is showing signs of consolidation. A breakout above $0.9604 could pave the way for a mid-term rally to $0.9752, while a failure to hold $0.9228 may trigger further downside. Stay alert for high-volume moves and monitor key levels closely.