🔍 Technical Analysis — ADA/USDT (1h)
Cardano (ADA) rises +10.53%, priced at $0.4820, after a strong buying impulse that pushed the price to a peak of $0.4832.
📊 Uptrend:
Explosive movement with strong candles and increasing volume. The price broke previous resistances and continues to set new highs.
📈 Technical Indicators:
• RSI(6): 95.63 — extreme overbought zone, indicating strong euphoria.
• RSI(12): 87.73 | RSI(24): 77.75 — reinforce short-term overbuying.
📉 Moving Averages:
• MA(7): $0.4647
• MA(25): $0.4402
• MA(99): $0.4250
Price is well above the averages — a sign of strength, but also of possible exhaustion.
📌 Volume:
Increasing volume in recent hours confirms the strength of the movement. However, the last candle shows deceleration, indicating a possible pause or correction.
📍 Supports and Resistances:
• Resistance: $0.4832 (recent peak)
• Immediate support: around $0.4580
• Buy zone: $0.4450–$0.4580 in case of a pullback.
⚠️ Summary:
ADA is in a strong uptrend but overbought. Realizations are likely before a new leg up. Caution for entries now, better to wait for correction.
🎯 Strategy:
Wait for a pullback to support or confirmation of a breakout at $0.4832 with volume.
