Felipe_pereira_br

New currency cannot be patterned, has already stopped loss, waiting for other new opportunities! $SAHARA

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🚀ADA Surge Alert! Key Breakthrough at $0.77 Approaching, Smart Money Has Quietly Positioned!

Summary

Current price of ADA is $0.7024, with a 24-hour increase of 9.63%, but trading volume has shrunk by 34%. RSI is overbought (77.18), indicating short-term pullback pressure. It is recommended to build positions in batches in the range of $0.68-$0.69, with targets at $0.72/$0.77, and a strict stop-loss at $0.665. Be cautious of the risks from overbought corrections and a sharp 18% drop in contract open interest leading to selling pressure.

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Technical Analysis

1. Price Status:
• Bollinger Bands: Price is between the upper band ($0.7206) and the middle band ($0.6849), with a 74.46% percentile indicating overbought conditions.
• MA200: Current price is 11.48% above the MA200 ($0.6301), with a deviation at a three-month high.
• Holding Cost: Current price is 10.03% above the holding cost ($0.6384), with profit accumulation.

2. Market Strength:
• Trading Volume: 24-hour volume ratio is 0.6, price-volume divergence warns of insufficient upward momentum.
• Position Movement: 1-hour positions decreased by 0.14% accompanied by a price drop of 0.09%, with main players reducing positions at highs.
• Long/Short Ratio: 1.2541→1.2488, smart money slightly retreats from long positions.

3. Key Price Levels:
• Support Level: $0.6849 (Bollinger middle band + dense trading area)
• Resistance Level: $0.7206 (Bollinger upper band)/$0.7700 (upper edge of historical dense trading area)

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Market Cycle Analysis

1. Current Cycle: Accelerating mid-stage of a bull market, but hourly RSI being overbought indicates a short-term correction demand.

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Trading Strategy

1. Specific Levels:
• Entry: $0.688 (pullback to Bollinger middle band + MA200 support)
• Stop Loss: $0.665 (breaking previous low + holding cost defense line)
• Target: $0.720 (Bollinger upper band)/$0.770 (news target)
• Risk-Reward Ratio: 3.12:1 (based on the first target calculation: ($0.72-$0.688)/($0.688-$0.665)=1.45/0.023≈3.12)

2. Risk Warnings:
• Overbought corrections may trigger a 8%-10% pullback.
• Sharp decline in contract open interest may exacerbate volatility.
• A breakthrough above $0.72 requires volume to exceed $7.35B (current volume $6.56B).

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$ADA

According to ChainCatcher, analyst Ali Martinez disclosed a striking data on the X platform: whales sold more than 50 million ENA in the past week. This action has attracted widespread attention in the market, and investors have begun to re-evaluate the market prospects of ENA.

First, the selling behavior of whales is usually regarded as a market signal, which may indicate price fluctuations or changes in market sentiment. Secondly, this large-scale token transfer may also affect ENA's market value ranking, which is worthy of close attention by investors.

Finally, on-chain data analysis shows that ENA's trading volume and the number of active addresses may fluctuate as a result, and investors need to remain vigilant and pay attention to market dynamics.