๐ป $ADA /USDT โ Oversold Breakdown or Reversal Incoming? ๐
#Cardanoโs getting crushed, now at $0.662 (-0.70%), pushing to the lowest levels since early May. With RSI at 16.63, weโre in deeply oversold territory. Is ADA setting up for a bounce?
Letโs chart the setup ๐
๐ Market Overview
๐ Current Price: $0.662
๐ 24h High: $0.6952
โ๏ธ 24h Low: $0.6606
๐ Moving Averages:
MA(7): $0.6741
MA(25): $0.6784
MA(99): $0.7113
๐ RSI(6): 16.63 (EXTREME OVERSOLD)
๐ Volume:
ADA: 74.27M
USDT: $50.40M
MA(5): 3.02M
MA(10): 2.64M
๐ MACD: Deep bearish divergence, but histogram slowing slightly
๐ ADA Trade Setups โ Key Levels
๐น Bullish Reversal Scenario (Oversold Bounce):
Entry: $0.655โ$0.665
Targets: $0.678, $0.695, $0.72
Stop-Loss: $0.648
๐น Bearish Continuation (Breakdown Below Support):
Entry: Below $0.655
Targets: $0.636, $0.611, $0.588
Stop-Loss: $0.672
๐ Analysis & Outlook
โ RSI(6) < 20 = strong reversal potential
๐ฉ Price is below all major MAs โ trend pressure remains bearish
โ ๏ธ Liquidity pool likely around $0.695โ$0.705; bulls need strong reclaim to shift momentum
๐ก Pro Tip:
Watch for a bounce confirmation with volume above $0.678.
A failure to hold $0.655 could open the floodgates to low $0.60s.
๐ข Will ADA rebound from oversold, or is the bleeding just beginning?
๐ฌ Drop your bias below and LIKE for more setups!