$ADA Finds Support at $1.09 – Is a Rebound to $1.12 Imminent?
$ADA is currently trading at $1.0958, showing signs of stabilization after pulling back from its 24-hour high of $1.1210. Immediate resistance lies at $1.0977, and a breakout above this level could see ADA test tighter targets at $1.1020, $1.1070, and $1.1100.
The RSI at 41.36 indicates oversold conditions, leaving room for a potential upward bounce. If ADA fails to reclaim resistance, watch for support at $1.0707 as a key safety zone. To manage risk, a stop-loss can be placed at $1.0670.
This setup presents a balanced short-term opportunity for traders, with closely placed targets that align with market conditions. Monitor volume for confirmation of a rebound.