#ADA $$$$$$ (Cardano) – Technical Analysis (Current Price: $0.79)

1. Current Price & Intraday Range

Current Price: $0.79

Intraday High / Low: Held between $0.8045 and $0.7519

This volatility highlights active trading throughout the day.

2. Support & Resistance Zones

(These are commonly monitored ranges—feel free to adjust based on your preferred charts or timeframe.)

Immediate Resistance: Approximately $0.80–$0.82

A confirmed breakout and hold above this zone can signal bullish continuation.

Stronger Resistance Ahead (Psychological): Around $0.85–$0.88, where traders may take profits or re-evaluate.

Support Levels:

- First support: $0.76–$0.78 – current buffer zone preventing further drop.

- Deeper support: Around $0.74–$0.75, a breach here might open downside toward $0.70.

3. Trend & Momentum Indicators

Moving Averages:

- 50-Day MA: If ADA trades above it, that supports a short-term bullish tone.

- 200-Day MA: Acts as a major trend-line—crossovers are powerful signals (bullish if crossing above, bearish if falling below).

RSI (Relative Strength Index):

RSI > 70: Overbought territory—watch for potential pullbacks.

RSI < 30: Oversold, potential rebound zone.

MACD: A bullish crossover (MACD line crossing above signal line) can indicate momentum shift upward; a bearish crossover signals caution.

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$ADA