MyCryptoParadise

ADA/USDT Break Alert! Keep an eye on the support, Bullish Moment

BINANCE:ADAUSDT   Cardano / TetherUS
๐Ÿ’ŽADA has recently undergone significant market dynamics, breaking out of a key resistance level area. There's potential for the price to undergo a retesting phase, initially testing support around $0.68, before resuming its upward movement, potentially reaching our target area.

๐Ÿ’Ž However, if during the retesting phase, ADA fails to bounce or even breaks down below the support level, it could indicate a false breakout.

๐Ÿ’Ž In such a scenario, the price may revert to a downward movement, with the next potential stop being the demand zone around the $0.461 area.

๐Ÿ’Ž ADA must bounce at the demand zone and reclaim the price above the support level if it intends to sustain its upward momentum. Failure to do so could result in further downward movement for ADA, returning it to a bearish state.

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