#ADA moves near the trend line. Negative divergence is also observed. But do not enter the short position until the trend line is broken. It can probably grow up to the resistance specified.

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#ADA

Price tapped out the major resistance zone and looks like it getting rejected. Its not the right time to enter shorts, as #Bitcoin is bullish. Keep an eye on breakout of the major resistance.

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#ADA is trying to recover after falling to a yearly low of 0.22$.
#ADA is rejected multiple times from 0.3$ resistance. If #ADA break this resistance then next target will be 0.35$ .

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SEC Wanted Coinbase to Delist #SHIB, #ADA and Other Altcoins, Shibarium Hackathon Announced, SHIB's Double Burn Rate Sparks Price Surge : Crypto News Digest by U.Today

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#Ada has taken support at the previous resistance which becomes support now and once it will give breakout then we can potential more than 60% move from breakout level.


Entry- after the breakout above 0.68

SL- below support zone i.e. below green line

Targets
1)$1.05
2)$1.14
3)$1.22

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The price of #ADA is breaking the resistance level of $0.6430 - $0.6830 in the 4-hour time frame. With the continuation of the upward trend of the market, the first target for the price of Ada is $0.9000, it means the price can pump up to 30% easily .

@Altcoin_Charts

The price of #ADA moves in a bearish channel in the 4-hour time frame. Now it has reached the top of the channel and the trend is still downward. There is a possibility that the price will drop again to $0.4250.
The main resistance level is $0.5500-0.5800.

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The price of #Cardano started to grow after being compressed in the price area of ​​$0.4250 and was able to break the dynamic resistance.
The first resistance level is $0.5500-0.5800.

Considering many factors like US500, EURUSD, #Bitcoin, #ETC, and the favorable conditions of the market , we expect #ADA to move upwards .

Cardano, compared to the growth of other currencies, did not move significantly yet, so It is possible to make a good profit from Cardano

Let's see what happens this time ...

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Altcoin prices can benefit indirectly

When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.

The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.

The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including  #SOL , #ADA , #MATIC

projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.

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The signs suggest a potentially explosive move. If the price breaks above the descending resistance, we could see a bullish surge.

However, given the repeated patterns we've observed, there's a possibility that the price of #ADA may retrace back to a strong support level at $0.2800 . If momentum holds, we might witness a bullish ride up to the probable resistance.

But we’re prepared for all scenarios. If the price loses momentum at the strong support and breaks below, we're eyeing a potential bullish rebound from the lower demand zone at $0.2300

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