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Cardano ($ADA /USDT) Market Update
🔹 Current Price: $0.7873 (-0.64%)
🔹 Market Sentiment: Sideways consolidation with signs of recovery
Key Levels:
Support: $0.7750 (local bottom and accumulation zone).
Resistance: $0.8000 (key level to break for upside continuation).
Bullish Perspective:
ADA is holding well above support and showing higher lows, indicating a potential upward move.
A break above $0.8000 could fuel bullish momentum towards $0.8150 - $0.8200.
Bearish Perspective:
If ADA fails to hold above $0.7800, sellers could push the price down to $0.7700 - $0.7650.
Increased sell pressure around $0.8000 may delay the breakout.
Market Outlook:
ADA is currently range-bound but showing early signs of accumulation. Traders should watch for volume spikes near resistance to confirm a breakout or rejection!
#Gate.io Has Officially Partnered with Oracle Red Bull Racing #AI Rebound: Which Tokens to Watch? #$LAYER Launchpool Airdrop is Live