Cardano (ADA) is currently trading at $0.7655 with a daily increase of +1.39%, after reaching a 24-hour high of $0.7756, and has dropped from a low of $0.7434.
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🔍 Technical indicators:
RSI (6) = 47.88 → in the neutral zone, indicating no current overbought or oversold conditions, with a potential rebound in either direction.
MACD = 0.0004 with convergence of DIF and DEA lines → weak signal but leaning towards the upward trend, suggesting current momentum weakness but may strengthen soon.
Moving averages:
MA(5) = 4.63M versus MA(10) = 4.74M → slight negative crossover, indicating a minor decline in short-term momentum.
Stochastic indicator:
K = 60.69 versus D = 63.97 → slight negative crossover, indicating a potential minor correction in the short term.
Trading volume: relatively good at 3.78 million ADA, indicating continued trader interest, but there is no liquidity explosion yet.
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📈 Technical recommendation:
Optimal buying area: between 0.745 – 0.763 in case of a slight correction.
First target (TP1): 0.78 (testing previous resistance at 0.7771).
Second target (TP2): 0.82 – in case of confirming the breakout.
Stop loss (SL): 0.735 to reduce risks.
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💬 Summary:
ADA is currently showing technical stability with a slight upward bias, but needs to break the level of 0.7771 to confirm the upward trend. Overall, the technical indicators are neutral, making a buy opportunity during a pullback excellent. Watch the upcoming movement closely.
