#ADA Short-Term Outlook:

Bullish Case: If ADA holds above the $0.75 support and breaks the $0.82–$0.85 resistance, it could rally toward $1.00 or higher, potentially reaching $1.10–$1.31. Continued buying pressure and positive market sentiment could drive this move.

Bearish Case: A failure to hold $0.75 could lead to a drop toward $0.67 or $0.60, especially if broader market selling pressure increases. The recent 5.16% daily decline and overbought signals on shorter timeframes suggest a possible short-term correction.

Recommendations:

Traders: Consider long positions if ADA breaks and holds above $0.85 with strong volume, targeting $1.00–$1.10. Set stop-losses below $0.75 to manage downside risk. For short-term trades, monitor for overbought signals (e.g., RSI > 70) to avoid buying into a potential pullback.

Investors: Given the volatile short-term signals, focus on the strong monthly buy signal and long-term bullish fundamentals (e.g., Plomin Hard Fork, scalability upgrades). Accumulate on dips near support levels ($0.67–$0.75) for a longer-term hold.