ADA (Cardano) – Short Technical Analysis
Trend:
$ADA is currently in a short-term bearish to neutral trend. Price is moving below key moving averages, showing sellers still have control, but downside momentum is slowing.
Candlestick Insight:
Red candles indicate selling pressure during recent sessions.
Green candles near support suggest buyers are attempting to defend lower levels.
Candle wicks show rejection near the bottom, hinting at possible consolidation.
Key Levels:
Support: $0.40 – strong demand zone
Resistance: $0.48 – $0.50 (trend-reversal area)
Momentum:
RSI is hovering near oversold territory, which often signals a potential short-term bounce, though confirmation is needed.
Outlook:
If ADA holds above $0.40, a relief move toward $0.48 is possible. A breakdown below support could lead to further downside. Trend reversal only becomes likely after a strong daily close above $0.50.#TrumpTariffs #CryptoRally
