$ADA PULLBACK PHASE – Watching $0.8020 & $0.8240 for Rebound
ADA saw a sharp drop from a 24h high of $0.8414 down to $0.7601, currently attempting to stabilize around $0.7799. The 1H chart shows a break in bullish momentum, but ADA is now consolidating near key support with potential for a bounce.
Current Price: $0.7799
Support Zone: $0.7590 – $0.7700
Immediate Resistance: $0.7807 – $0.8020
Next Bullish Targets:
• TP1: $0.8020
• TP2: $0.8240
RSI is weak at 35, suggesting oversold conditions. MACD is bearish, but a slowdown in selling pressure and possible divergence may hint at a rebound soon. If ADA can reclaim the $0.7807 zone and volume picks up, we could see a test of $0.8020 and further upside.
Short-term traders should monitor for bullish reversal candles and rising RSI above 40 to confirm momentum.