๐จ $ADA /USDT โ Rebound Incoming or More Blood Ahead? โ ๏ธ
#Cardano ($ADA) is trading slightly lower at -1.43%, hovering near critical support. With RSI nearing oversold and volume building, is a bounce on deckโor is more downside likely? Letโs dive in! ๐
๐ Market Overview
๐ Current Price: $0.7493
๐ 24h High: $0.7756
โ๏ธ 24h Low: $0.7456
๐ Moving Averages:
MA(7): $0.7527
MA(25): $0.7618
MA(99): $0.7558
๐ RSI(6): 30.55 (Near oversold โ possible rebound setup)
๐ MACD: Bearish tone, but flattening โ watch for early reversal signs
๐ 24h Volume:
ADA: 90.56M
USDT: $69.12M
๐ ADA Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ADA Holds Above $0.7450):
Entry: Above $0.7550
Targets: $0.7750, $0.7970, $0.8220
Stop-Loss: $0.7270
๐น Bearish Scenario (If ADA Falls Below $0.7270):
Entry: Below $0.7270
Targets: $0.7220, $0.7000, $0.6800
Stop-Loss: $0.7550
๐ Should You Hold or Sell?
โ RSI near 30 = attractive zone for potential bounce
โ Watching for MACD crossover = early trend shift possible
โ ๏ธ Below all major MAs = caution in trend continuation
๐ก Pro Tip:
๐ If ADA breaks above $0.755 with strong volume, expect momentum to push toward $0.82+
โ ๏ธ Losing $0.727 = risk of retesting $0.70 support
๐ข Will Cardano hold the line or dive deeper? Drop your thoughts below! ๐
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