$ADA 🪙 (Cardano)
Current price: $0.668
24h Volatility: +0.80%
Resistance: $0.70 – $0.72
Support: $0.64 – $0.66
🔍 Technical Analysis:
• 15 minutes – 1 hour: RSI below 50, negative MACD. Short-term selling pressure is dominating.
• 4 hours: Price below EMA20, short-term trend remains weak.
• 1 day: RSI nearing oversold territory, MACD continues to decline, risk of deep correction remains.
📈 Trading Strategy:
• Spot: Buy on a dip at $0.64 – $0.66, target profit at $0.70.
• Futures:
• Long breakout: Break above $0.70, stop loss at $0.66, take profit at $0.72.
• Short reaction: If rejected at $0.70, open a short towards $0.64, stop loss at $0.72.
📰 Related News:
• Cardano is being accumulated by “whales”, signaling a strong breakout potential in the near future.