🔹 Price Snapshot
$ADA $0.89 | 24h +3.7% | 7d +60% | Volume $1.4 B | ATH $3.10
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🔹 News & Narratives
Short-term: ADA reclaimed ~$0.85–0.88 resistance, now acting as support, with a 90%+ volume spike this week .
Long-term: Hydra L2 scaling live, Midnight privacy sidechain launching, and Cardinal bridge enabling BTC liquidity on Cardano .
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🔹 Technical Analysis
✅ Support: $0.83 → $0.80 (50 % Fib)
❌ Resistance: $0.88 → $0.92 → $1.00
📊 MACD: Bullish crossover
📈 RSI: ~70–80 (slightly overbought) 34
Scenarios:
Holding above $0.88 → rally toward $1.0–1.5
Rejection → pullback to $0.80–0.83
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🔹 Investment Strategy
Traders: Entry $0.86–$0.88; TP: $0.92 → $1.00 → $1.20; SL: $0.83
Holders: Stake ADA (~3.8% APR) and accumulate through Hydra/Midnight catalysts.
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🔹 Risk Analysis
❗ RSI overbought may trigger pullback
❗ Failure at resistance risks retracement to $0.80
❗ Capital might rotate to competing L1s (Solana, ETH)
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🔹 Conclusion
> “ADA’s breakout looks promising—but with RSI high and competing L1s, are you long-term bullish or trading the bounce? Sound off below!” 👇
