Cardano (ADA/USD) – Bullish Breakout Setup

Trend:
ADA is trading above the 50 EMA and 200 EMA on the 4H and Daily charts.
Higher lows since the $0.75 zone show consistent buying pressure.

Pattern:
Breakout from falling wedge confirmed on strong volume.
Current price consolidating above key resistance at $0.80, now acting as support.

Key Levels:

Support: $0.794 – $0.800 (strong demand zone)
Resistance: $0.87, $1.05, $1.21
Breakout Trigger: $0.816 – $0.820 (4H close)

Indicators:
RSI holding above 55–60, showing bullish momentum without being overbought.
MACD histogram printing higher highs, bullish cross active.
Volume expansion on up-moves, contraction on pullbacks.

Trade Plan:
Entry (Breakout): $0.816 – $0.820 on confirmed 15m/1H close with volume

Stop-loss: $0.794 (below demand zone)
TP1: $0.90
TP2: $1.05
TP3: $1.21 (≈ 50% gain from entry)

Bias: Bullish unless price closes below $0.794 on 4H chart.

📈 ADA is showing strong momentum; buyers are defending support aggressively. A clean breakout above $0.820 could ignite a sharp rally toward $1.00+.