BINANCE:ADAUSDT is forming an interesting potential that may allow the price to break out of the current range and head towards $1.25.
There is an interesting situation on W1. A breakout of 0.746 level is formed and price consolidation above the level (On D1), which allows the bulls to cfrm an intermediate bottom. If we pay attention to bitcoin, on H1 the coin is preparing to continue its growth, Cardano may respond to this by breaking through resistance and then rallying to the mentioned targets. Strong support is forming on the chart, based on the local double bottom, liquidation on March 6, as well as the liquidity zone below 0.6850. This allows to form a potential for further growth.
Resistance levels: 0.7882, trend resistance. Support levels: 0.730, 0.6850
I expect a breakout of the range resistance, which may give a new breath for the coin. The intermediate target in our case is the end point of the correction at the bear market 0.8992, as well as the psychological level of 1.00