šØ $ADA /USDT Technical Analysis ā Consolidation Before the Next Move? šØ
$ADA is trading at $1.0792, experiencing a slight pullback of -1.55%, after hitting a 24-hour high of $1.1480. With significant trading volume of 747.75M USDT, the coin is showing signs of consolidation after a strong upward trend, with RSI at 73, indicating overbought conditions.
š Key Levels to Watch:
Resistance: $1.15 ā Breaking this level could push the price toward $1.20 and $1.25.
Support: $1.02 ā Maintaining this level is critical to sustain bullish momentum; a break below could lead to a dip toward $0.98.
š” Trading Strategy:
Bulls: Look for entries near $1.02 for a potential move to $1.15, $1.20, and $1.25. Use tight stop-losses to mitigate risks.
Bears: Consider shorting if the price drops below $1.02, targeting $0.98 and $0.94.
š„ Market Insight:
ADA is poised for a decisive move. A breakout above $1.15 could signal further upside, while failure to hold $1.02 may result in deeper retracements. Stay sharp and manage your risk!