a concise technical breakdown for $ADA /USDT (Cardano)
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๐งพ Cardano (ADA/USDT) Overview
Current Price: $0.5316
24h Change: -7.87% ๐ป
Category: Layer 1
Sentiment: Bearish, nearing key support
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๐ 24h Trading Metrics
Metric Value
24h High $0.5785
24h Low $0.5203
Vol (ADA) 262.98M
Vol (USDT) $143.87M
๐ Significant intraday drop suggests a strong sell-off after failing to hold above $0.57.
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๐ Order Book Depth (Key Levels)
Resistance Support
$0.5599 $0.5267
$0.5516 $0.5203 (24h low)
$0.5433 $0.5184 (watch this next)
๐ป A close below $0.5200 may lead to a drop toward $0.5000 or even $0.485.
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๐ Volume & Moving Averages
Metric Value
Vol (Current) 2.29M
MA (5) 6.93M
MA (10) 8.73M
๐ Volume is falling against high moving average โ not enough buyers to absorb selling pressure.
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๐ Technical Summary
Indicator Status
Short-Term Trend Bearish
Support Zone $0.518โ0.520
Resistance Zone $0.551โ0.560
Breakout Level $0.5785
Risk Zone Below $0.518 could open down to $0.485
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๐ง Strategic Considerations
Type Entry Area Stop-Loss Target
Scalp Long $0.520โ0.526 < $0.518 $0.543โ0.551
Breakout Long On strong close > $0.578 < $0.560 $0.60โ0.615
Short Setup Below $0.518 Above $0.526 $0.50 โ $0.485
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โ Final Word
ADA is approaching critical short-term support at $0.520. If this area holds, a bounce could follow. However, if broken, expect accelerated selling toward the $0.48 zone. Volumes are not yet supporting a reversal โ watch closely for volume spikes.
Would you like a chart snapshot, or to compare ADAโs support/resistance with SOL, ETH, or AVAX?
