$ADA -Bullish Momentum Building Up

Market Overview:

Current Price: $0.6898

Trend: Recovering from recent low at $0.6701

Indicators:- MA(7) = 0.6875, MA(25) = 0.6834, MA(99) = 0.6933

Price is currently above the short-term MAs (7 and 25) but still below the MA(99), indicating a short-term bullish push in a broader downtrend or consolidation.

- RSI(6) = 66.16, approaching the overbought zone but still showing strength.

- Volume: Increasing slightly on green candles – a good sign of buyer interest.

Support Zones:

- $0.6858 – short-term support (recent consolidation zone)

- $0.6701 – recent low, strong base

Resistance Zones:

- $0.6933–0.6946 – MA(99) and previous resistance

- $0.7103 – local high

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Trade Setup:

Possible Entry:

- On a slight dip near $0.6860–$0.6880 for a better risk-reward

- Aggressive entry at current levels for momentum traders

Targets:

1. TP1: $0.6930 (near MA(99) resistance)

2. TP2: $0.7000–$0.7100 (previous top zone)

Stop-Loss:

- Below $0.6850 (tight SL)

- Safer SL: Below $0.6700

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Summary:

This looks like a short-term bullish recovery. If ADA breaks above the MA(99) around $0.6933, it could spark more upside momentum. Watch for volume confirmation and RSI pushing higher, but stay cautious if price gets rejected near resistance.

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