Mr.Abrash

08/10 03:08

A BitMonty analyst also confirmed the breakout, no

A BitMonty analyst also confirmed the breakout, noting that ADA was holding a buy zone in the $0.68 to $0.61 range. This range served as support and coincided with key retracement levels used by many traders. Once ADA found a base, buyers pushed the price higher and broke the wedge resistance.

With the breakout, BitMonty has outlined three short-term levels to watch: $0.99, $1.10, and $1.20. The chart shows ADA moving in this direction, with trading volume remaining high as the price rises.

Support and Resistance Areas in Focus

According to our weekend analysis, the current support levels for ADA are around $0.64 and $0.70. If the price holds above these levels, bulls could continue the move towards the $0.90 resistance. Traders are keeping a close eye on these areas for potential momentum.

 Daily trading volume reached $1.71 billion, indicating a return of interest in ADA in the short term.  The recent breakout remains valid as long as the price remains above previous resistance levels.

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