Cardano / TetherUS
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#ADA/USDT

206
#ADA

The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.

We are experiencing a rebound from the lower boundary of the descending channel, which is support at 0.7200.
We are experiencing a downtrend on the RSI indicator, which is about to break and retest, supporting the upward trend.

We are looking for stability above the 100 Moving Average.

Entry price: 0.7358
First target: 0.7510
Second target: 0.7700
Third target: 0.7946

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