Current price: $0.7881 📉 (-1.97% today)
🔥 Quick technical overview:
- Resistance: $0.8098 (today's high) → $0.84 (psychological barrier) → $0.89 (crucial upward channel).
- Support: $0.7805 (today's low) → $0.72 (medium-term support) → $0.64 (strong buying area).
- Indicators:
- RSI at 40.24 (sell signal, with room for a rebound).
- 12 sell signals from moving averages versus 0 buy signals (strong downward pressure).
- Breaking a downward channel indicates a slowdown in the downward trend and the beginning of stabilization.
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🎯 Today's trading recommendations (summary):
1. Optimal entry points:
- Buy at: $0.7820 or break $0.84.
2. Profit targets:
- Level 1: $0.8098 (quick profit taking) 💰.
- Level 2: $0.84 → $0.89.
3. Stop loss: $0.8121 (capital protection) ⛔.
> 💡 Immediate forecasts:
> ADA's success in stabilizing above $0.84 may push it to test $0.89 with support from whale flows (271 million ADA exiting exchanges). However, breaking $0.7805 reinforces the decline towards $0.72.
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❓ In conclusion:
"In your opinion: Will the Hydra expansion updates stimulate Cardano to break $0.84 today? Share your predictions! 🚀"
