ADA/USDT CHART UPDATE !!
2025-01-18
Category: None

ADA/USDT 4-hour chart shows a bullish continuation pattern as Cardano prepares for a potential breakout after a period of consolidation.

The price is making higher lows, indicated by the rising trendline.
Resistance lies at $1.20, which aligns with the upper boundary of the triangle.

Support: $0.80–$0.90 (green area and trendline).
Resistance: $1.20 (key breakout level).

The 21-day MA and 100-day MA are sloping upwards, indicating bullish momentum.
The price is currently above both MAs, which provide additional support.

If ADA breaks above $1.20, it could head towards $1.50 or higher.
However, a breakdown below the rising trendline could lead to a retest of $0.80.
This setup suggests that ADA is gaining strength, with bullish continuation likely on the breakout.

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