ADA/USD Technical Update: Setting Up for a Breakout?
Cardano is looking increasingly primed for an upside move on the daily chart. The pattern here tells an interesting story—we're seeing consistent higher highs and higher lows forming throughout the session. If support holds at these current levels, we could be looking at solid momentum building.
The setup suggests accumulation happening near the lows, which often precedes significant moves. Traders monitoring ADA should keep an eye on whether this range holds, as a break above resistance could trigger the move everyone's waiting for.
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BTCWaveRider
· 6h ago
Again with this "about to break through" talk, ADA, can you stop just talking and actually go up?
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MetaverseVagrant
· 12-12 16:51
The signal that ADA is about to take off again is becoming increasingly obvious. Accumulation at low levels and gathering strength, just waiting for a big bullish candle.
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GweiWatcher
· 12-12 16:45
It's the same old story of higher high and higher low. Saying it every time, but in the end, it just ends up sideways.
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MEVHunter
· 12-12 16:39
Low-position accumulation is indeed interesting, but the key still depends on what the big players in the mempool are doing. Whether the support level can hold depends on whether arbitrage bots are exploiting the price difference.
ADA/USD Technical Update: Setting Up for a Breakout?
Cardano is looking increasingly primed for an upside move on the daily chart. The pattern here tells an interesting story—we're seeing consistent higher highs and higher lows forming throughout the session. If support holds at these current levels, we could be looking at solid momentum building.
The setup suggests accumulation happening near the lows, which often precedes significant moves. Traders monitoring ADA should keep an eye on whether this range holds, as a break above resistance could trigger the move everyone's waiting for.