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$ADA /USDT Technical Analysis & Trade Signal


Current Price: 1.0483 USDT

24h High: 1.0827 USDT

24h Low: 1.0090 USDT

Support Level: 1.0212 USDT (SAR)

Resistance Level: 1.0827 USDT

Trade Signal

Entry Point: 1.0350 - 1.0450 USDT

Stop Loss: 1.0100 USDT

Take Profit (Targets):

Target 1: 1.0650 USDT (near recent resistance)

Target 2: 1.0800 USDT (next resistance level)

Target 3: 1.1000 USDT (major psychological resistance)

Trade Momentum

The momentum is slightly bearish in the short term due to a -2.77% decrease over the last 24 hours, but ADA is still trading above key support at 1.0212.

RSI (Relative Strength Index) might indicate neutral to oversold conditions, making it a good potential entry zone for a rebound.

The market volume is healthy, indicating a potential for price recovery towards the upside if it holds above the support at 1.0212.

Watch for price action around 1.0350–1.0450: A confirmation of a bounce or break from this level could signal a good entry opportunity for an upward move.

Summary:

ADA is currently in a corrective phase. Look for a potential bounce off support around 1.0212 with targets set for 1.0650, 1.0800, and 1.1000. Keep a close eye on momentum indicators for any signs of reversal or continuation.

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