$ADA

ADA

0.2831

+3.20%

🔵 CARDANO (ADA) – Price Update & Short-Term Trading Strategy

📈 Current Market Snapshot

Live Price: $0.2799 USD (+0.43% in last 24h)

Market Cap: ~$10.09B

24H Volume: ~$400M

Circulating Supply: ~36.06B ADA

Cardano is currently trading in a tight range, showing mild intra-day strength but lacking broad breakout momentum. The market remains range-bound due to low volume and neutral indicators.

Market Structure Levels

🔹 Immediate Resistance: $0.285 – $0.290

🟡 Current Zone: $0.275 – $0.280

🔴 Key Support: $0.265 – $0.270

Market looks choppy — price struggling to reclaim higher levels while respecting short-term support.

Bullish Scenario (Short-Term)

Entry: $0.280 – $0.282

Targets:

✔️ TP1 — $0.290

✔️ TP2 — $0.300

Stop Loss: $0.270

📌 If ADA can hold above the current range and break above $0.285 with volume, it could attract buyers toward higher resistance. Momentum would improve if Bitcoin also shows strength.

Bearish Scenario (Rejection)

Entry (Short): Below $0.270 close on 1H

Targets:

✔️ TP1 — $0.260

✔️ TP2 — $0.250

Stop Loss: $0.285

📌 If price breaks key support levels with volume, downside risk increases toward last demand zone.

🟡 Range Trade (Sideways)

If ADA continues to oscillate without clear breakout:

• Buy near support $0.265 – $0.270

• Sell near resistance $0.285 – $0.290

• Tight Stop Loss: $0.260

⚠️ Risk Management

✔️ Risk 1–2% per trade

✔️ Confirm breakout/breakdown with volume

✔️ Monitor BTC and broader market sentiment

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