🚨$ADA /USDT Analysis🚨

📊$ADA USDT is currently trading at $0.9678, down 8.84% in the past 24 hours. The price has been consolidating in a narrow range between $0.9364 and $1.0978. The 24-hour volume is $584.71M, indicating a high level of trading activity.

The 5-minute chart shows a bearish engulfing candle, suggesting a potential downward move. The 1-hour chart also shows a bearish trend, with the price below the 50-day moving average.

📉Short-Term Outlook:

* Short Entry: $0.9700📉

* Stop Loss: $1.0000🛑

* Target: $0.9000🎯

📈Long-Term Outlook:

* Long Entry: $0.9000📈

* Stop Loss: $0.8500🛑

* Target: $1.0000🎯

Overall, the technical indicators suggest a bearish bias for ADAUSDT in the short term. However, the long-term outlook remains bullish, with the potential for a significant upside move in the coming months.

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