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📊Technical Analysis (1 hour) $ADA /USDT

The ADAUSDT price closed at 0.5913 USD, down -8.88% for the session. This is a continuation of the short-term downtrend: the price broke the lower Bollinger Bands (LD: 0.5832), signaling strong volatility and possible oversold conditions. The middle band (MB: 0.6222) acts as resistance, while the upper band (VG: 0.6611) is currently unreachable. The RSI is not clearly visible, but given the sharp decline, it is likely <30 (oversold). The MACD is negative (-0.0035) with the histogram in the red zone, confirming the bearish momentum. Trading volume is high (12.9 million), with OI at 177 million (growth), indicating speculative pressure. The overall market sentiment is bearish (Fear & Greed ~50, neutral, but with 76% bearish signals).

Key levels:

• Support: 0.5832 (Bollinger Bands), below 0.57 (psychological).

• Resistance: 0.6222 (Bollinger Bands), further 0.64–0.65.

Forecast: Short-term — downward correction is possible, but oversold conditions hint at a rebound. Medium-term — bearish, with potential to 0.55 if support is broken.

Signals

🟢Buy: I recommend at 0.5832–0.5850 (Bollinger Band bounce). Take profit: 0.6222 (Bands), stop loss: 0.5780. Rationale: Oversold + high volume could give a +5–7% bounce.

🔴Sell: Aggressive short from 0.60 (unless resistance is broken). Take profit: 0.5832, stop loss: 0.6050. Rationale: Break of the lower band + negative MACD indicates continued decline.