ADAUSDT is currently displaying a strong bullish structure on the 4-hour chart, bouncing from a critical support zone near $0.7774–$0.7315. After a healthy retracement, the pair appears to be regaining momentum, forming a potential higher low, which aligns with the continuation of the broader uptrend that started earlier this month.
Recent price action confirms that buyers are stepping in at key zones previously marked by blue “B” labels, and sell-side pressure seems to be weakening after the last swing top around $0.9373. The support zones, marked with dotted green lines, have held well, and the current structure suggests a rebound toward the previous high.
The most recent small leg up shows the formation of a bullish engulfing setup near $0.78, which could serve as a launch point toward the higher resistance. The candlesticks are also showing longer lower wicks — a sign that buyers are defending lower levels aggressively. With price currently floating near $0.81, there’s a good upside window available.
Here’s the trading setup based on the chart:
• Entry: Around $0.8106 (current price zone)
• Take Profit (TP): $0.9373 (previous swing high — +18.23%)
• Stop Loss (SL): $0.7315 (invalidates higher low structure — -7.73%)
• Risk-Reward Ratio: 2.36R (favorable for swing positioning)
If ADA can reclaim the $0.85 zone with strong candle closures, it would signal bullish continuation. Momentum indicators like RSI or MACD (not shown) would likely confirm the shift, especially if divergence was forming on recent dips.
Until ADA breaks below $0.7315, the bullish bias remains intact. The formation of higher lows and increasing buying interest at dynamic supports adds weight to the long setup. Price reclaiming the $0.85 zone may trigger a fast rally to $0.93, and possibly beyond if market-wide sentiment remains risk-on.
Recent price action confirms that buyers are stepping in at key zones previously marked by blue “B” labels, and sell-side pressure seems to be weakening after the last swing top around $0.9373. The support zones, marked with dotted green lines, have held well, and the current structure suggests a rebound toward the previous high.
The most recent small leg up shows the formation of a bullish engulfing setup near $0.78, which could serve as a launch point toward the higher resistance. The candlesticks are also showing longer lower wicks — a sign that buyers are defending lower levels aggressively. With price currently floating near $0.81, there’s a good upside window available.
Here’s the trading setup based on the chart:
• Entry: Around $0.8106 (current price zone)
• Take Profit (TP): $0.9373 (previous swing high — +18.23%)
• Stop Loss (SL): $0.7315 (invalidates higher low structure — -7.73%)
• Risk-Reward Ratio: 2.36R (favorable for swing positioning)
If ADA can reclaim the $0.85 zone with strong candle closures, it would signal bullish continuation. Momentum indicators like RSI or MACD (not shown) would likely confirm the shift, especially if divergence was forming on recent dips.
Until ADA breaks below $0.7315, the bullish bias remains intact. The formation of higher lows and increasing buying interest at dynamic supports adds weight to the long setup. Price reclaiming the $0.85 zone may trigger a fast rally to $0.93, and possibly beyond if market-wide sentiment remains risk-on.
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.