$ADA
🔸 Current Price: $0.6336 (+1.26%)
🔸 Nearby Support: $0.6130
🔸 First Resistance: $0.6590
🔸 General Trend: Bearish in the short term, with attempts of recovery
📉 Technical Indicators:
Moving Averages: The price is below MA(25) and MA(99), indicating ongoing selling pressure.
RSI(14): At 39, in the oversold zone, which may enhance the chances of a temporary rebound.
MACD: Still in the negative zone, but selling momentum is slowing down.
📌 Technical Outlook:
The price is testing a rebound from strong support at $0.6130. Continuing to hold above it could push the price towards $0.6590. However, breaking below $0.6130 opens the door for further decline.
🔔 Recommendation:
Watch for the closing of the next candle. Speculative buying opportunity only if it holds above $0.6300 with a close stop loss.
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