Cardano (ADA) trades at $0.2557 USDT with a daily increase of +3.10%, consolidating a very clean bullish structure on the 4-hour chart.
📊 Technical Analysis Highlights (4H):
Moving Average Alignment: Price remains above the MA(7) at $0.2521 and the MA(21) at $0.2485, showing consistent buy support on pullbacks.
$ADA
Immediate Resistance: The upper Bollinger band (UP) at $0.2627 and the recent high at $0.2623 represent the critical level to break in order to target the $0.2655 area.
Key Support: Keeping the Supertrend zone at $0.2541 and the middle band MB at $0.2483 is vital to protect the trend.
RSI (7): It sits at 69.06 points, hovering near the overbought zone but still maintaining bullish momentum.
💡 Outlook:
If the 4H candle manages to close with volume above $0.2580 - $0.2600, a move toward new local highs would be enabled. Otherwise, a retest toward the $0.2520 support would offer a good reload zone. Should you wait for a pullback to enter? 👇
NOT FINANCIAL ADVICE, DO YOUR OWN RESEARCH, DYOR.
#Losfantasticosdeltrading
#Criptomonedasyacciones
#ada #Agustinggo40
#BinanceSquare
📊 Technical Analysis Highlights (4H):
Moving Average Alignment: Price remains above the MA(7) at $0.2521 and the MA(21) at $0.2485, showing consistent buy support on pullbacks.
$ADA
Immediate Resistance: The upper Bollinger band (UP) at $0.2627 and the recent high at $0.2623 represent the critical level to break in order to target the $0.2655 area.
Key Support: Keeping the Supertrend zone at $0.2541 and the middle band MB at $0.2483 is vital to protect the trend.
RSI (7): It sits at 69.06 points, hovering near the overbought zone but still maintaining bullish momentum.
💡 Outlook:
If the 4H candle manages to close with volume above $0.2580 - $0.2600, a move toward new local highs would be enabled. Otherwise, a retest toward the $0.2520 support would offer a good reload zone. Should you wait for a pullback to enter? 👇
NOT FINANCIAL ADVICE, DO YOUR OWN RESEARCH, DYOR.
#Losfantasticosdeltrading
#Criptomonedasyacciones
#ada #Agustinggo40
#BinanceSquare
