4-hour timeframe

🔍 ADA/USD 4H Analysis: Correction or Reversal? 📉

ADA is trading at $0.68, below the 50-period EMA (~$0.71). RSI (~40) is close to oversold, and ADX (26.4) indicates a weak trend.

🔑 Key levels:

Resistance: $0.73 (Fib 50%).

Support: $0.66 (key level).

📈 Forecast: A break above $0.73 may signal bullish momentum towards $0.80. A drop below $0.66 opens the way to $0.60.

#Cardano #ADA #TechnicalAnalysis $ADA

ADA

0.3612

-2.66%