Current Price: $1.0629 (-2.19%)
24h High/Low: $1.0970 / $1.0375
Trading Volume:
ADA Volume: 209.36M
USDT Volume: 223.41M
Cardano (ADA) is trading near the midpoint of its 24-hour range, reflecting some short-term bearish pressure but maintaining support above key levels.
#Ada_Bttc_Tia_Cns_Gaypepe_Doggo_Kin
EMA Analysis
EMA(7): $1.0656
EMA(25): $1.0672
EMA(99): $1.0473
The price is slightly below EMA(7) and EMA(25), suggesting a weakening short-term momentum. However, it remains above EMA(99), indicating long-term support.
Key Levels
Support Levels
1. Immediate Support: $1.0473
2. Secondary Support: $1.0375
3. Critical Support: $1.0112
Resistance Levels
1. Immediate Resistance: $1.0656 - $1.0672
2. Next Target: $1.0970
3. Major Resistance: $1.1555
Trading Plan
Bullish Scenario💹
If ADA/USDT holds above $1.0473:
Entry Point: Around $1.0500 - $1.0600.
Targets🚀🚀
Short-term: $1.0650 - $1.0970
Medium-term: $1.1555.
Bearish Scenario📉
If ADA falls below $1.0473:
Stop-Loss: Below $1.0375
Target lower levels like $1.0112 for potential re-entry on a bounce.
💈💈💈
Conclusion and Outlook🚨
1. Short-Term Outlook: Neutral to slightly bearish if price stays below EMA(7) and EMA(25). Recovery above these levels would shift momentum to bullish.
2. Medium-Term Outlook: Positive as long as the price remains above EMA(99) at $1.0473.
3. Long-Term Outlook: ADA’s strength depends on broader market sentiment and developments in its ecosystem.
🤷Monitor ADA's interaction with $1.05 closely, as it is a critical level for trend direction. Let me know if you need further insights!
