🚨 $ADA /USDT – Oversold & Squeezing? Big Move Coming for Cardano! ⚠️📉
$ADA is showing mild weakness near $0.5766, but with RSI in deep territory and major supports nearby—are bulls preparing for a bounce? Let’s break it down!
📊 Market Overview
📍 Current Price: $0.5766
📈 24h High: $0.5925
❄️ 24h Low: $0.5744
📊 Parabolic SAR: Above price – bearish pressure building
📉 MACD Momentum:
• Bearish slope continuing
• No crossover yet – momentum still weak
📈 RSI (6): 31.47 – Near oversold zone, watch for bounce setup
📈 ADA Trade Setup – Key Levels to Watch
🔹 Bullish Scenario (If ADA Holds Above $0.5700):
• Entry: Above $0.5850
• Targets: $0.6010, $0.6250, $0.6400+
• Stop-Loss: $0.5530
🔹 Bearish Scenario (If ADA Breaks Below $0.5530):
• Entry: Below $0.5530
• Targets: $0.5290, $0.5100, $0.5040
• Stop-Loss: $0.5850
🔍 Hold or Cut the Losses?
✅ Long-term MA(99) still supporting at $0.5635
✅ RSI nearing bounce territory
⚠️ MACD remains bearish – reversal unconfirmed yet
💡 Pro Tip:
📉 A strong recovery above $0.5850 with volume = early reversal signal
⚠️ Break below $0.5530 = high risk of dump to $0.5100 zone – protect your capital
📢 What’s your take on $ADA—dip buy or bearish continuation? Let’s discuss in the comments!
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