$ADA /USDT Cardano Trading Analysis โ Quick Update๐๐
Current Price: 0.7618 USDT
Timeframe: 1D & 1H
$ADA has shown signs of holding strong above the 0.75 level after facing some selling pressure from the 0.85 zone. The daily candle formed a small-bodied candle with a long upper wick โ this suggests rejection at higher levels and a pause in momentum.
1D Chart Highlights:๐
Price found support near the 0.7547 zone.
Strong EMAs (50 & 200) nearby, showing strength in the support area.
RSI recovered from oversold levels, now sitting at 72.91 โ nearing overbought, so watch for possible correction.
1H Chart Highlights:๐
ADA is testing short-term resistance near 0.7685 โ 0.7714.
If price closes above 0.7720 with volume, a new breakout might happen.
Trendline BOS (Break of Structure) is valid โ showing upside potential in short bursts.
Strategy Plan:๐งโ๐ป
Buy on dips near 0.7540โ0.7600 with tight stop-loss below 0.7350โ
Target Levels: 0.7800 / 0.8050 (swing short-term)๐ฏ
Avoid chasing โ wait for retracement or confirmed breakout candle
Global Sentiment:๐
Overall market is slightly bullish today. BTC is stable above $108K, helping ADA hold ground. Traders are watching ADA as it tests a make-or-break resistance.
Takeaway:๐คฝ
$ADA is trading in a make-or-break zone. If bulls reclaim 0.77+, we may see momentum build. Stay alert โ opportunity lies in breakout or dip support zones.
๐จโโค๏ธโ๐จ"Smart traders donโt predict the future, they plan their response to it."
Disclaimer: โ ๏ธ
This is not financial advice. Always do your own research before investing.