Binance Square

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ADA is currently testing a critical resistance zone. After weeks of consolidation, the price action is tightening near the descending trendline. ​Key Levels to Watch: 🚀 Resistance: $[ 0.58] — A clean break above this with volume could trigger a massive rally. 📉 Support: $[ 0.45] — If we lose this level, expect a deeper correction. ​The Setup: The RSI is showing a hidden bullish divergence on the 4H chart. I am looking for a confirmed candle close above the trendline before entering a long position. ​What’s your move on Cardano? Bullish 🚀 or Bearish 📉? Let’s discuss in the comments! ​#Cardano #ADA! #CryptoAnalysis $BTC {spot}(ADAUSDT) #BinanceSquare #Altcoins
ADA is currently testing a critical resistance zone. After weeks of consolidation, the price action is tightening near the descending trendline.
​Key Levels to Watch:
🚀 Resistance: $[ 0.58] — A clean break above this with volume could trigger a massive rally.
📉 Support: $[ 0.45] — If we lose this level, expect a deeper correction.
​The Setup:
The RSI is showing a hidden bullish divergence on the 4H chart. I am looking for a confirmed candle close above the trendline before entering a long position.
​What’s your move on Cardano? Bullish 🚀 or Bearish 📉? Let’s discuss in the comments!
​#Cardano #ADA! #CryptoAnalysis $BTC
#BinanceSquare #Altcoins
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