Bearish Divergence: Stochastic RSI on both 1H and 4H shows lower highs, while price made higher highs—indicating weakening momentum. • Weak BTC Pairing: ADA is underperforming against BTC, signaling potential downside. • Short-Term Outlook: Price likely to face selling pressure unless BTC weakens significantly. • Support Levels: Watch for key support zones where reversal or consolidation might occur.
🔎 Analysis 1. Bearish Divergence: On both the 1-hour and 4-hour charts, Pendle is showing bearish divergence in the Stochastic RSI. The price is making higher highs, while the Stochastic RSI is showing lower highs, indicating weakening momentum and potential reversal to the downside. 2. Resistance Zone: Pendle is facing significant resistance at higher levels. The price has been struggling to break through this resistance zone, suggesting that upward movement may be limited unless a breakout occurs. 3. Loss of Momentum: The Stochastic RSI on both timeframes is showing signs of losing bullish momentum. This could indicate that further upward movement may be difficult to sustain without fresh buying pressure.
• Resistance Holding: CAKE is struggling to break above resistance, indicating selling pressure at higher levels. • Bearish Stoch RSI (4H): Stochastic RSI is in a bearish zone on the 4-hour timeframe, suggesting a possible short-term pullback. • Strong Support at $1.50: The $1.50 level has acted as a strong support zone, making a retest likely if the downward momentum continues. • Potential Retest: If selling pressure persists, CAKE could revisit $1.50 before any potential reversal or bounce.
• Volume Surge: Increasing trading volume indicates strong market interest and potential breakout momentum. • MACD Bullish Crossover (4H): The MACD signal line crossing above the MACD line suggests upward momentum. • Price Action Confirmation: If the price sustains above support with volume, a breakout to higher resistance levels is likely.
. Bullish Against BTC Pair – The asset is showing strength relative to Bitcoin, indicating potential capital rotation into this asset. . Rising Volume – Increasing trading volume confirms strong buyer interest, supporting the uptrend. • Bullish Momentum: Stochastic RSI signaling upward movement on both 1H and 1D timeframes. • Trendline Support: Price holding above key support, reinforcing strength. • Potential Upside: Breakout above resistance could confirm further bullish continuation.