Coin : $ADA
Signal : SHORT
Cardano (ADA) is currently trading within a falling trend channel on the medium to long-term timeframe, signaling a period of negative development and waning buying interest among investors. The price is currently range-bound between a key support level at $0.72 and resistance at $0.84. A decisive breakout from either of these levels will likely determine the next major directional move. Adding to the cautious outlook, the RSI is showing a negative divergence against the price — a classic warning sign that upward momentum may be weakening and a downward reaction could be imminent. Traders should stay alert for a confirmed break and manage risk accordingly.
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TOTAL3, which tracks the market cap of all crypto assets excluding BTC and ETH, is holding a strong position on the upside — a promising sign that investor confidence in altcoins remains intact. Despite recent volatility in the broader market, the resilience of TOTAL3 suggests that capital is still flowing into or being preserved within the altcoin sector. This sustained strength indicates that market participants are not just sidelining funds but actively holding and potentially accumulating positions beyond the majors. It's a healthy signal for the altcoin ecosystem and could pave the way for broader alt rallies if momentum continues.
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#MarketRebound #SaylorBTCPurchase #ADA
