📉 Technical Analysis — ADA/USDT (1h)

@Cardano Foundation #ADA

Current price: $0.4178

Variation: -9.61%

🔍 Direct Summary

After a sharp drop, ADA shows an attempt to recover from the support at $0.4093. The current candle shows a slight buying reaction, but still without confirmation of reversal.

📊 Technical Indicators

• MA(7): $0.4146 (below the price)

• MA(25): $0.4310

• MA(99): $0.4411

The price broke above the short average (MA7), indicating potential for a rebound. It is still below the MA25 and MA99, maintaining a bearish bias.

• RSI(6): 48.25

• RSI(12): 35.82

• RSI(24): 36.26

RSIs are still low but rising. A sign of relief in selling pressure.

• Volume: Recently peaked, showing buying interest at the bottom.

⚠️ Current Scenario

• Trend: Short-term starting possible reversal

• Support: $0.4093

• Resistance: $0.4310 (MA25)

📌 Conclusion

ADA may be forming a bottom in the short term, but still without clear technical confirmation. The breakout of the MA25 with increasing volume would be a stronger signal of reversal.

Attention: It is ideal to wait for a confirmation candle before entering.

$ADA

ADA
ADA
0.4093
-0.21%