$ADA Hovers Near Support: What’s Next for Traders?

#ADA hovers near critical support levels amid mixed signals. The price movement shows slight bearish tendencies as the 9 EMA remains below the 20 EMA. This alignment indicates that downward pressure persists. However, the narrow gap between the two EMAs suggests a potential reversal if buying pressure strengthens.

The MACD signals indecision, with the histogram alternating between negative and positive values. This could mean the market is seeking direction, making it crucial to monitor momentum closely. The RSI indicates a neutral zone but leans bearish, suggesting limited enthusiasm from buyers at current levels.

Key levels to watch include support at $0.8656, $0.8637, and $0.8583, which could act as a foundation for recovery. Resistance lies at $0.8744, $0.8792, and $0.8952, which needs to be cleared for a sustained uptrend. Long entries might be considered on a breakout above $0.8792, with targets near $0.8952. Short traders may aim for entries below $0.8656, targeting $0.8583 as the next support. #Cardano #ADAUSDT #TrendingPredictions