📌 Entry area (buy low):

🔹 0.6800 - 0.687

🎯 Possible goals:

✅ First target: 0.7040

✅ Second goal: 0.7180

✅ Third target: 0.7290

🛑 Stop loss:

🔻 0.6640

$ADA

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📊 Technical analysis:

🔸 The price recently rebounded from the low of 0.6647, with clear resistance at 0.7297.

🔸 RSI (6) = 50.73: Reflects a balance between buyers and sellers, giving an opportunity for a strong upcoming move.

🔸 MACD = -0.00000: A potential crossover is forming, which is an initial signal of a positive momentum change.

🔸 Stochastic K = 46.84 and D = 35.82: A good bullish crossover indicates rising buying momentum.

🔸 The highest trading volume was concentrated in the area between 0.68 and 0.70, which supports it as a strong price attraction area.

💡 Ascension confirmation:

If the price breaks the 0.7040 level with a clear candle close on the hourly time frame, we are likely to see a continuation towards 0.7290.

$ADA

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📢 Risk Management:

✔️ Take incremental profits at each target and move the stop loss to the entry point after the first target is achieved.

✔️ A break below 0.6640 negates the bullish scenario and opens the door for further declines.

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My opinion:

ADA is showing signs of a technical recovery, especially with the MACD approaching a crossover and the rising stochastic. If the price maintains stability above 0.68, we may witness a rebound targeting 0.7040 and then higher levels.

$ADA

Would you like me to send you similar daily analyses for other currencies as well?

#ADA