The ADA/USDT pair on the D1 chart shows a technical picture full of uncertainties. After a long accumulation at the bottom, ADA shows signs of wanting to bounce back. But is this a real breakout or just another “false hope”?
1. The price is struggling near the Ichimoku cloud's boundary:
• ADA has just slightly broken above the Kumo cloud, however, the cloud ahead is still quite thin and flat – this reflects the market's lack of strong momentum to determine a clear trend.
• The Tenkan-sen line has crossed above the Kijun-sen line early, showing a short-term bullish signal. But the Chikou Span is still lingering in the past price zone – not confirming a clear breakout.
2. Bollinger Bands indicate a tight accumulation phase:
• The price is oscillating near the upper band of the Bollinger Bands, indicating that buyers have a slight advantage.
• However, the narrowing bands signal the potential for significant volatility in the coming sessions – whether it will break out or decline is still an open question.
3. Stochastic RSI begins to “stumble”:
• The Stoch RSI indicator is still above the 60 zone but has shown signs of bending down, warning that the upward momentum is weakening.
• If the %K line crosses down the %D line in the coming sessions, there is a possibility of a short-term correction.
4. MACD is still holding strong – but don't celebrate too soon:
• The histogram is still green, MACD is above the Signal – upward momentum remains.
• However, the slope is weakening, reflecting investors' cautious sentiment.
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Conclusion:
Cardano (ADA) is in a sensitive zone: if it breaks the strong resistance at $0.734 and maintains above $0.79, it will confirm a medium-term uptrend.
Conversely, if selling pressure returns, the nearest support zone is $0.697 and further down is $0.66, which will be an important breakdown point.
Reference strategy:
• Favor the buyers if ADA closes the D1 candle above $0.734 with high volume.
• Avoid FOMO when the price is just hovering around the cloud, without a solid breakout.
• For holders: continue to observe – ADA is still in the “low-risk opportunity” zone.
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Note: This article is analytical, not investment advice. DYOR – Do Your Own Research!
