๐ $ADA /USDT Market Update โ Trend Reversal or More Downside? ๐ฅ
Cardano ($ADA ) is currently trading at $0.7376, up +1.64% in the last 24 hours! ๐
The 24-hour high reached $0.7506, while the low touched $0.6972.
๐ Market Overview:
๐น Short-Term Trend (1H Chart): ADA is consolidating after a sharp drop but showing signs of stabilization. A breakout could be on the horizon.
๐น Mid-Term Trend: Despite a 7-day decline of -21.54%, ADA has rebounded +7.13% over 30 days, suggesting potential accumulation at lower levels.
๐ฅ Trade Setups
๐ Short Trade Setup (Bearish Scenario) โ
Entry: Around $0.74 - $0.75
Stop Loss: $0.76 (Above resistance)
Target 1: $0.70
Target 2: $0.65 (If selling pressure increases)
๐ Long Trade Setup (Bullish Scenario) โ
Entry: Around $0.72 - $0.73 (Retesting support)
Stop Loss: $0.69
Target 1: $0.78
Target 2: $0.85+ (If ADA gains momentum)
๐ฎ Prediction & Outlook:
ADA is in a neutral-to-bearish phase after a recent downtrend. If it holds above $0.70, we could see a bullish reversal toward $0.78 - $0.85. However, a drop below $0.70 could push it lower to $0.65.
๐ก Final Verdict:
๐ Bearish Bias ๐ป (Unless ADA breaks above $0.75)
โ ๏ธ Watch for a potential breakout or rejection at key levels!
Are you bullish or bearish on ADA? Let us know in the comments! ๐๐ #Cardano #ADA #crypto #Trading $ADA
