ADA/USDT on the 1H chart has broken below an ascending triangle, confirming a bearish trend with a 12.64% potential drop. Enter a short position at 0.7072, targeting 0.6908 (TP) for a quick profit, with a stop-loss at 0.7141 (SL) to limit risk. RSI at 41.63 indicates bearish momentum, while MACD at -0.0018 shows a bearish crossover, supporting the downtrend. Volume at 721.31K reflects selling pressure, confirming ADA’s bearish outlook on this hourly timeframe.
Crypto Total Market Cap on the 1H chart has broken down from an ascending triangle, signaling a bearish shift with an 8.04% drop. Enter a short position at 822.41B, targeting 821.66B (TP) for a quick profit, with a stop-loss at 829.68B (SL) to manage risk. RSI at 49.74 shows neutral momentum, while MACD at -330.76M indicates bearish divergence, supporting the downtrend. This market weakness reinforces ADA’s bearish outlook on its chart.
Entry: 0.7180
1st TP: 0.6678
2nd TP: 0.6459
3rd TP: 0.6273
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