Technical Analysis $ADA
📊 General Trend: Bearish with persistent pressure
ADA continues in a structure of lower lows and lower highs. The current price is at $0.7188, trading below the EMA7 ($0.7242) and the EMA25 ($0.7295). Additionally, the EMA99 ($0.7186) is acting as dynamic support, albeit weakly. The last rejection from $0.7238 reinforces the weakness of the bounce.
⸻
📈 Key Technical Areas:
• Nearby Support: $0.7100 – $0.7130 (recent lows zone and possible technical floor)
• Suggested Entry Zone (technical bounce): $0.7130 – $0.7180
• Relevant Resistance: $0.7300 – $0.7350 (EMA zone + previous pressure zone)
⸻
📉 Indicators:
• RSI (6): 38.77 → Low zone, possible technical bounce if it remains above 40.
• MACD: Flat and weak, with no clear reversal signal, indicating a lack of momentum.
• Volume: Increased in the most recent drop, confirming active bearish pressure.
