ADA/USDT Technical Analysis (15-Minute Chart)
At the time of writing, ADA/USDT is trading at $0.7545, up +3.53% in the last 24 hours. The price recently bounced from the local low at $0.7448, forming a strong bullish candle that broke above the middle Bollinger Band (MB: 0.7542), signaling a potential short-term reversal.
Key Technical Indicators:
Bollinger Bands (20, 2): Price is moving upward from the lower band (DN: 0.7426) and is currently testing the middle band. A sustained move above the MB may open the path to the upper band resistance at $0.7657.
MACD: The MACD line (-0.0007) is crossing above the signal line (-0.0008), indicating weakening bearish momentum and potential bullish crossover.
RSI (6): Currently at 63.14, showing bullish momentum without being overbought. RSI trending upward may support further price increases.
Volume: A noticeable increase in volume supports the bullish candle, confirming trader interest and momentum in the current move.
Short-Term Outlook: If ADA sustains above the middle Bollinger Band, it could retest resistance at $0.7665. On the downside, support lies near $0.7448, the recent local bottom. Traders should watch for MACD confirmation and RSI behavior near overbought levels.
