📈 Market Trend (Short-Term)

Current situation:

ADA is in a downtrend with price below major moving averages — technical indicators are mainly bearish. �

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RSI is in oversold territory, which can sometimes lead to short-term bounces. �

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📍 Signals

Entry (Buy) Zone:

👉 Around $0.36–$0.40 (near strong support range) — potential accumulation area before a rebound. �

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Take Profit (TP):

TP1: $0.42–$0.45 — first resistance level

TP2: $0.50+ — next resistance if momentum returns

Stop Loss (SL):

❌ Below $0.35 — breaks critical support if price moves lower

Trend: 🔻 Bearish to neutral short-term

Momentum: RSI oversold, but overall bearish structure

Signal Type: Slight bounce-potential setup rather than strong breakout

💡 Brief Analysis

Bearish bias: Most moving averages and technical indicators signal downward pressure. �

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Short-term relief possible: Oversold RSI and price near support can create a technical bounce bounce play for short-term scalpers. �

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Volume & trend context: Lower volume and broader crypto weakness could limit upside. Longer rallies require breakout catalysts (e.g., network news or market sentiment shift).$ADA #USNonFarmPayrollReport