ADA/USDT Market Update | Short-Term Analysis
Cardano ($ADA ) is currently trading near $0.369, moving in a consolidation phase with a slightly bullish bias on the lower timeframe.
🔹 Key Observations:
Price is holding above the 99-period moving average (~$0.365), which is acting as a strong support zone
Short-term MAs (7 & 25) are close to price, showing sideways momentum
RSI around 56 suggests healthy strength without being overbought
Higher lows after the recent dip near $0.359 indicate buyer interest
🔑 Key Levels to Watch:
Support: $0.365 – $0.359
Resistance: $0.375 – $0.380
📈 Market Insight: A strong break and close above $0.375 could open the door for a move toward $0.38+.
However, if price falls below $0.365, a short-term pullback may occur.
⚠️ Overall structure remains neutral to bullish. Waiting for a clear breakout confirmation is advised.
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