🚨 $ADA /USDT – Correction or Coiled for a Comeback? 🔄📉
$ADA is currently trading at $0.6016, down -1.67%, after facing resistance at $0.62. With the RSI hovering near 50, bulls and bears are battling for control. What’s next for Cardano? Let’s break it down! 👇
📊 Market Overview
📍 Current Price: $0.6016
📈 24h High: $0.6217
❄️ 24h Low: $0.5880
📊 Parabolic SAR: Near current levels – Trend undecided
📉 MACD Momentum:
DIF: Neutral slope
DEA: Leveling off
MACD: Flat – Momentum reset underway
📈 RSI(6): 48.25 – In the neutral zone, watch for breakout cues
📈 ADA Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If ADA Holds Above $0.6000):
Entry: Above $0.6060
Targets: $0.6274, $0.6488, $0.6703
Stop-Loss: $0.5880
🔹 Bearish Scenario (If ADA Breaks Below $0.5880):
Entry: Below $0.5880
Targets: $0.5845, $0.5650, $0.5500
Stop-Loss: $0.6060
🔍 Key Technical Insights
✅ MA(7): $0.6031 ≈ MA(25): $0.6048 – Market in tight consolidation
✅ MA(99): $0.6250 = Long-term resistance zone
✅ Volume: 131.30M ADA | $79.07M USDT = Active, but not overheated
💡 Pro Tip:
🚀 A close above $0.6274 may confirm momentum toward $0.67+
⚠️ Rejection under $0.5880 could trigger a slide back toward $0.55
📢 Are you accumulating ADA at support—or waiting for the breakout? Let’s hear it below! 📣
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