$ADA /USDT testing key support, bullish reversal likely

$ADA /USDT is currently trading at $0.6376, down 6.77% over the last 24 hours, nearing its 24-hour low of $0.6351 after facing resistance at $0.6858.

Key Market Data

Current Price: $0.6376

24H High: $0.6858

24H Low: $0.6351

24H Volume: 91.88M ADA / 60.60M USDT

Support and Resistance Levels

Support Levels:

$0.6350 – Immediate support

$0.6200 – Stronger support to watch

Resistance Levels:

$0.6450 – Initial resistance

$0.6600 – Key zone for breakout

$0.6800 – Strong resistance zone

Trade Setup and Targets

Entry Zone: $0.6350 – $0.6400, an ideal range to accumulate

Target Points:

TP1: $0.6450 – Initial target

TP2: $0.6600 – Key breakout level

TP3: $0.6800 – Extended target with bullish confirmation

Stop Loss: $0.6250, to protect against deeper pullback

Market Sentiment and Indicators

STOCH RSI at 4.76 and MASTOCH RSI at 12.21 indicate oversold conditions, suggesting a potential bounce.

Buy pressure at 52.42%, showing moderate bullish interest despite the dip.

ADA/USDT is testing a key support level, and a bounce from $0.6350 could initiate a short-term bullish reversal.

Pro Tip

Wait for a 15-minute candle close above $0.6450 with increasing volume to confirm a stronger bullish move.

ADA/USDT is at a critical support zone, making it an attractive entry point. A reversal from this level could push the price toward higher resistance zones.