📊 DETAILED TECHNICAL ANALYSIS – $ADA #USDT (1H)
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1️⃣ Price Action
• The price bounced from $0.7103 and is forming higher highs and higher lows, indicating a strong bullish structure.
• It strongly exceeded $0.7440 and reached a local high at $0.7609.
• Currently, it is trading at $0.7508, showing a slight technical pullback, just above the EMA 7, which could be:
• A pause before continuing to rise, or
• The start of a deeper correction.
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2️⃣ Moving Averages (EMAs)
• EMA 7: 0.7500 – immediate support.
• EMA 25: 0.7440 – stronger dynamic support.
• EMA 99: 0.7287 – bottom support.
➡️ All EMAs are aligned upward, which continues to favor the bullish continuation, as long as the EMA 25 is not lost.
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3️⃣ MACD
• The MACD and signal lines are above zero, indicating bullish momentum.
• However, they are flattening and could begin to cross, signaling a loss of strength in the movement.
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4️⃣ RSI (6, 12, 24)
• RSI(6): 55.95
• RSI(12): 56.43
• RSI(24): 54.66
➡️ The RSI remains in a neutral-bullish zone. There is no overbought condition, but also no clear bearish strength yet. This allows the price to move in any direction depending on the next momentum.
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5️⃣ Volume
• Volume increased in the last bullish candles, but is currently decreasing.
• This may indicate a lack of buying strength to break highs, or simply a pause before continuing the trend.
