#JobsDataShock
Short-term technical analysis.$ADA
In the 1H timeframe of the ADA/USDT pair, a bearish movement is observed that took the price from $0.2852 to the support located at $0.2552. In this zone, the asset began to show signs of consolidation, suggesting a possible weakening of selling pressure.
However, before starting a clearer recovery, the price made a last bearish push down to $0.2518, a movement that can be interpreted as a search for liquidity below the previous support.
After this liquidity grab, and once the level of $0.2552 was recovered again, ADA began to show signs of recovery with a bullish engulfing candle. This behavior is also reflected in the RSI (14), which currently hovers around 41 points and maintains an upward slope, indicating a moderate improvement in momentum.
The recovery of the level of $0.2552 is key for the short-term scenario, as it could enable a bounce towards the zone of $0.2597. If it consolidates above this level, the price could extend the movement up to $0.2646 and subsequently $0.2685, an area where there is confluence with the Fibonacci retracement 0.5 and the VWAP, making it a technically significant zone.
If ADA manages to recover and hold above the VWAP, the next target would be located at the resistance of $0.2725, a level that would begin to suggest a possible change in the short-term structure.
However, if the price fails to maintain above the 0.5 Fibonacci retracement, the most likely scenario would be a continuation of the bearish trend, interpreting the current movement solely as a technical bounce within a larger descending structure.
