Here's a concise ๐ technical analysis for $ADA
/JPY (Cardano to Japanese Yen):
๐ด ADA/JPY Market Overview
Metric Value
๐ธ Last Price ยฅ115.48
๐ 24h High ยฅ117.08
๐ 24h Low ยฅ111.86
๐ 24h Volume (ADA) 5.05 million ADA
๐ต 24h Volume (JPY) ยฅ580.11 million
INR Equivalent โน219.80 (-0.96%) ๐
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๐ Price Levels
Type Key Levels (ยฅ)
๐บ Resistance 117.18 โ 119.10 โ 120.58 โ 121.02
๐น Current 115.48 (mid-range, slight bearish tilt)
๐ป Support 113.34 โ 111.86 โ 111.42
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๐ Technical Indicators
Indicator Value Analysis
๐ Volume 43,685.9 ADA Moderate interest
๐ MA(5) 292,046.5 Above current volume (bearish)
๐ MA(10) 296,479.7 Suggests possible downtrend
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๐ Trade Outlook
๐ข Bullish Case
Buy Zone: ยฅ113โยฅ115
Target: ยฅ117.08 โ ยฅ120.5
Stop Loss: ยฅ111.80
Rationale: Bounce off key support with minor recovery potential.
๐ด Bearish Case
Sell Entry: Below ยฅ111.86
Target: ยฅ110.00 โ ยฅ108.00
Stop Loss: ยฅ117.00
Rationale: Breaking ยฅ111.8 could accelerate downside momentum.
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โฑ๏ธ Trend Snapshot
Timeframe Trend Momentum
15m โ๏ธ Sideways Ranging
1h ๐ป Bearish Mild selling pressure
4h โ ๏ธ Neutral Waiting for breakout
1D ๐ป Bearish Lower highs forming
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โ Summary
Cardano (ADA) is currently trading at ยฅ115.48, showing slight bearish pressure after failing to hold above ยฅ117. Momentum indicators and short-term moving averages suggest a pullback unless strong buying appears near ยฅ113.
Would you like me to convert this into USD or INR pricing? Or apply RSI/MACD analysis next? ๐๐
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