๐จ $ADA /USDT โ Cardano at Support: Bounce or Breakdown Ahead? ๐โ ๏ธ
$ADA is currently trading at $0.7219, down over 4.05% after failing to hold above $0.76. With pressure mounting near key support, is ADA ready to reboundโor is more downside coming? Letโs analyze ๐
๐ Market Overview
๐ Current Price: $0.7219
๐ 24h High: $0.7601
โ๏ธ 24h Low: $0.7193
๐ Parabolic SAR: $0.6842 (Still above key support โ bulls not out yet)
๐ MACD Momentum:
โโข DIF: -0.0064 (Bearish momentum building)
โโข DEA: -0.0031
โโข MACD: -0.0066 (Short-term trend weakens)
๐ ADA Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If ADA Holds Above $0.7190):
Entry: Above $0.7300
Targets: $0.7486, $0.7718, $0.7951+
Stop-Loss: $0.7020
๐น Bearish Scenario (If ADA Breaks Below $0.7020):
Entry: Below $0.7000
Targets: $0.6842, $0.6789, $0.6600
Stop-Loss: $0.7300
๐ Hold or Sell?
โ Still holding above $0.7190 = bullish structure not broken yet
โ ๏ธ MACD turning negative = signs of weakening trend
โ $0.6842 SAR = must-hold support to avoid deeper correction
๐ก Pro Tip:
๐ A bounce above $0.7486 with volume could signal a reversal toward $0.77+
๐ Break below $0.7020? Be ready for sharper downsideโprotect capital!
๐ข Are you riding $ADAโs dip or sitting on the sidelines? Share your setup below!
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