Cardano($ADA ) Eyes $1 as ADA Rebounds to $0.75 โ Whatโs Next? ๐๐ฐ
ADA jumped to $0.7550 on May 21 after bouncing off key support at $0.715 ๐๐ โ signaling a potential comeback!
Technical Snapshot ๐
RSI crossed above 50 (now at 52.82) โ โ a first sign of bullish momentum returning ๐
Price briefly spiked above the 50 EMA at $0.7557 before closing just under it โ resistance still strong ๐ซ๐
Support Holds, But Watch That Resistance โ ๏ธ
After falling from $0.86 (May 8) to a low of $0.715 (May 18) โฌ๏ธ, ADA found a base near $0.72 and began to climb again โฌ๏ธ
However, trading volume at 3.79M shows cautious buyer interest ๐๐ต๏ธ
To aim for $1 ๐ฏ, ADA needs a decisive close above $0.80 ๐ โ or risk dipping back toward $0.68 ๐ฌ๐
Momentum Building?
RSI is rebounding from 33 (May 17) to 52.82 โ bulls might be gaining strength again ๐๐ฅ
---
TL;DR
ADA is showing early bullish signals but must break through $0.80 to keep climbing toward $1 ๐ธ๐
Failing that? A retrace to $0.68 could be next โ๏ธ๐ป
Eyes on the charts! ๐๐๐
ADA to the moon, or another dip first? ๐๐ฅ or ๐ณ๏ธ๐ป
#BinanceAlphaAlert #ADA ๐ค๐ฅ๐ช
