📈 Bullish Sentiment at 4-Month High
Santiment reports ADA’s positive sentiment has surged, partly due to the SEC recognizing its smart contract use for government services. This could attract more traders and investors.
📊 Key Levels & Breakout Potential
ADA has been consolidating between $0.69 – $0.75 and is on the verge of a breakout. If it closes above $0.76, a 12% rally to $0.85 is likely. $0.75 (200 EMA) is the main resistance to watch.
🔥 Traders Betting on the Upside
On-chain data shows bulls dominating, with $11M long positions at $0.715 and $7.7M shorts at $0.75. If buyers push ADA past resistance, a strong rally could follow.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
