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ADAUSDT

At a high timeframe support level with a bullish divergence visible.

I'm not too convinced because the RSI is below 50 and price needs to show some reaction from this support zone at lower timeframes which is absent as of now.

So,  technically more bullish than bearish but needs to show some strength off this support level .

Breaking below $0.42 will take away all the bullish argument altogether so that's the invalidation of any bullish setup.

$ADA