🔍 ADA Analysis – RSI Recovery or Resistance Trap? 🔍
🧠 Cardano is showing signs of recovery after a prolonged downtrend, with RSI climbing and price testing a key resistance zone.
📈 Technical Analysis
- Short-term trend: Bullish recovery
- Support: $0.8250
- Resistance: $0.8500
- Pattern: Rounded bottom forming on 4H chart
- Volume: Gradually increasing
- RSI: Near 58, trending upward
- Outlook: Bullish bias if resistance breaks
📰 Market Data & News
- Current Price: $0.8388
- 24h Change: +2.3%
🔄 Scenario Breakdown
- Bullish Case: Break above $0.8500 with volume could target $0.8800
- Bearish Case: Rejection at resistance and drop below $0.8250 opens path to $0.8000
- TP/SL Logic: TP at $0.8800 / SL at $0.8300 for bullish setup; TP at $0.8000 / SL at $0.8400 for bearish setup
📊 Sentiment Meter
📈 Bullish Momentum – Strong breakout setup, rising volume
⚠️ Risk Level
🟡 Medium – Setup forming, confirmation needed
💬 Will ADA break above $0.85 or stall again? What’s your take? 👇
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📢 Reminder: This is educational content. No guarantees, no advice—just charts, data, and perspective.
ADA #TheCryptoMalik