ADAUSDT ADA Cardano's Support Stand – Reversal in Play?
Current trend: ADA's testing the 0.534 support floor after a sharp dip from 0.60 resistance—bullish hammers emerging, signaling potential exhaustion in the downside pressure 🛡️.
Hold support? Promising yes; volume drying on reds and price pinning at the zone point to buyers gearing up.
Breakout above resistance? Bullish if 0.60 cracks—unleashing 5-8% rally toward alts recovery 🚀.
Dip risk? Possible to 0.52 on weak close, but divergence limits deeper bleed.
Target: Short-term 0.62 on confirm; aim 0.65 with strength.
Indicators tracking: RSI (38, oversold rebound), MACD zero-line test, and 100 EMA defense 📊
ADAUSDT
Perp
0.5638
-2.25%