$ADA Breakout Alert: Bulls Back in Action! 🔥

Cardano (ADA) surges to $0.7941, marking a +6.48% rally in the last 24 hours. The hourly chart shows strong upward momentum, although some retracement from the $0.8484 high is underway.

Key Technicals:

• MA(7): $0.8158 – Immediate resistance; reclaiming this could renew bullish momentum.

• MA(25): $0.7906 – Currently acting as short-term support; must hold to avoid deeper corrections.

• MA(99): $0.7502 – Solid base for long-term support.

• Volume Spike: A significant rise in buy volume drove the breakout, but watch for a decrease in momentum.

Key Levels:

• Resistance: $0.8158 and $0.8484.

• Support: $0.7906 and $0.7502.

What to Watch:

Cardano faces short-term profit-taking but remains in an uptrend. If the bulls can sustain above $0.79, a retest of $0.84+ is likely. However, failure to hold could see ADA testing its MA(99) around $0.75.

Pro Tip: Keep an eye on volume—higher buy volume near resistance could confirm another breakout.

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