๐ธ๐ธ ADA (Cardano) breathes โ but still feels the weight of the trend.
After touching $0.51, ADA shows a reaction and is up +9% on the day.
๐ [Daily Chart โ ADA/USDT]
โข Current price: $0.5951 (+9.13%)
โข RSI(6): 59.32 โ leaving the dead zone, but still no euphoria
โข Volume: above average โ real buyer interest
โข EMAs:
โโช EMA7: $0.5718 โ
(now below price)
โโช EMA25: $0.6027 โ (still acting as resistance)
โโช EMA99: $0.6760 โ (well above)
ADA made a solid short-term move, breaking EMA7 with strength.
High volume confirms itโs not just noise.
But price is still below EMA25, and RSI hasnโt hit overbought levels.
๐ $0.60 โ $0.61 is the real test zone.
Break that, and ADA could aim for $0.66 (EMA99).
Fail to break? We might see a revisit of $0.53 or even $0.51 again.
๐ข So what about DCA here?
โ Yes, for those thinking medium/long term and still out of position.
โ Itโs not the absolute bottom, but $0.51 held well technically.
โ Partial entries to accumulate during weakness still make sense.
โ๏ธ Clear reaction at $0.51 support
โ๏ธ Volume confirms strength
โ ๏ธ EMA25 still key resistance
๐ธ RSI still neutral โ no hype = no candle bubble
โณ Patient? Go DCA. In a rush? Wait for $0.61 breakout.
๐ This is not financial advice โ itโs market reading.
Those who trade ADA by structure know:
๐ Emotion delays the entry. Strategy gets ahead of the move.
$ADA #Write2Earn #ADAupdate #SmartDCA #Cardano #CryptoStrategy