#ADA
Based on the current ADA technical analysis, the following trading strategies are provided:
📊 Current price: $0.9115, up 6.76% in 24 hours
🔥 Short-term strategy:
RSI dropped from 74 to 57, overbought pressure alleviated
Price broke through EMA12 ($0.911), continuing bullish
Upper resistance level: $0.933 (intraday high)
Lower support level: $0.904 (EMA20)
📈 Specific actions:
Entry: Buy in batches in the $0.910-0.915 range
Stop loss: Below $0.890
Target 1: $0.930
Target 2: $0.950
⚡ Catalysts:
On-chain data shows whales accumulated 150 million ADA in two weeks, 59 million ADA withdrawn from exchanges, indicating a significant supply tightening
🎯 Risk warning:
Daily RSI is still around 57; caution is needed if it breaks below $0.890, but the overall trend is bullish
Recommended position: Medium-risk investors may allocate 20-30% of their portfolio 🚀
