🚀 Cardano (ADA) Technical Analysis

📊 Price Levels:

Current Price: Approximately 0.347 USDT

24-Hour Change: -0.29%

📈 Key Insights:

1. Ascending Wedge Pattern:

ADA/USDT is forming an ascending wedge pattern, indicating potential upward movement.

Keep an eye on the breakout for potential gains.

2. Support and Resistance:

Resistance Zone: ADA is approaching a critical resistance level.

Support: Around 0.344 USDT.

3. Long-Term Outlook:

Despite short-term corrections, Cardano remains a strong project.

Consider your risk tolerance before making any trading decisions.

🎯 Entry Strategy:

Buy Entry: Wait for a clear breakout above the resistance zone (above 0.360 USDT).

Stop Loss: Set a stop loss just below the support level (around 0.340 USDT).

:Remember to do your own research and stay informed! Happy trading! 💡#Write2Earn! #ADA.智能策略库🥇🥇 #adabear #MarketDownturn #Write2Earn!