Cardano ($ADA ) Technical Analysis
Current Price: $0.8946
24h High: $0.9318
24h Low: $0.7700
24h Vol(ADA): 751.58M
24h Vol(USDT): 645.02M
Market Outlook:
The Cardano chart shows a bullish trend with a potential upward movement. The price has broken above the resistance level of $0.8500, indicating a strong bullish momentum.
Trade Strategy:
Long Trade:
* Entry: $0.8946 (Current Price)
* Target: $0.9500
* Stop Loss: $0.8500
* Leverage: 2x
Short Trade:
* Entry: $0.9318 (24h High)
* Target: $0.8500
* Stop Loss: $0.9700
* Leverage: 2x
Conclusion:
Cardano is currently in a bullish trend, and the price is likely to continue its upward movement. Long positions are recommended with a target of $0.9500 and a stop loss of $0.8500. However, traders should be cautious as the market is volatile, and the price could reverse direction.
