🚀 $ADA

ADA

0.3812

-5.17%

Potential long trading opportunity

ADA is currently trading at $0.4035 after a decline from the $0.47 level. On the four-hour chart, it appears that selling pressure is slowing down near the support area of $0.39–$0.40, with the price starting to stabilize and forming a potential base for recovery.

Entry points: 0.398 – 0.405

Targets:

TP1: 0.420

TP2: 0.445

TP3: 0.475

Stop loss: 0.388

💡 Analysis:

Holding above the support area of $0.395–$0.400 maintains a bias towards recovery. A strong break and close above $0.420 can confirm a trend reversal and open the way towards the resistance range of $0.45–$0.47.