Current price: $0.7881 📉 (-1.97% today)
🔥 Sudden momentum:
Cardano is gearing up for a rocket reversal! With a symmetrical triangle forming on the daily chart - a famous reversal pattern - and the RSI reaching 40.24 (defensive buying area), the market resembles a spring before its launch. Is this the calm before the storm?
---
📊 Technical outlook in 15 seconds:
- Resistance: $0.8098 (today's peak) → $0.84 (psychological barrier) → $0.89 (crucial upward channel).
- Support: $0.7805 (today's low) → $0.75 (rescue platform) → $0.72 (solid support).
- Key Indicators:
- 12 sell signals from moving averages versus 0 buy signals - Short-term downward pressure.
- Low trading volume (-12% from the average) warns of imminent volatility ⚠️.
- A false breakout below $0.78 could trigger a rapid upward wave.
---
🎯 Trading recommendations (summarized):
1. Smart entry points:
- Buy at: $0.7820 (double support test) or break $0.84 with an hourly close above it ✅.
2. Profit targets:
- Level 1: $0.8098 (quick profit taking) 💰.
- Level 2: $0.84 → $0.89 (bullish target with momentum) 🚀.
3. Stop loss: $0.7700 (maximum protection) ⛔.
> 💡 Today's scenario:
> ADA's success in stabilizing above $0.84 could trigger a rise towards $0.89 supported by whale outflows (271 million ADA leaving exchanges). However, breaking $0.7805 threatens a drop to $0.72.
---
❓ In conclusion:
> "In your opinion: Are the Hydra expansion updates enough to propel ADA above $0.84 today - or will institutional selling pressure thwart the attempt? Share your analysis! ⚔️"
