#ADA 🧠 Technical Analysis (1H)

1. Current price: $0.5844

2. Recent support: $0.5717

3. Nearby resistance: $0.5909 (24h high)

4. Indicators:

• Parabolic SAR: It is below the price, confirming the current bullish momentum.

• MACD: Very recent bullish crossover, although still weak, but turning towards the positive side.

• Volume: Increased in the last strong candle, which validates the momentum.

5. Structure:

• The previous bearish range was strongly broken from $0.5717.

• The price is making a slight pullback after an explosive move. $ADA