The price of ADA has maintained a bullish structure on the weekly timeframe, with the EMA Ribbon acting as dynamic support. Recently, the price successfully broke above the 0.73 resistance, which has now turned into a key support level. This move confirms the strength of the bullish momentum and provides an optimal entry point around 0.72, offering a favorable risk-reward setup.
If the price holds this level and confirms support, the next targets to consider are 1.32, where a significant resistance lies, followed by 3.10, which aligns with a potential trend continuation projection. As long as the bullish structure remains intact, the likelihood of reaching these levels remains strong.
Given the technical context, this zone offers an attractive opportunity for buyers. However, it is crucial to monitor the reaction at 0.7, as losing this level could invalidate the short-term bullish scenario.
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