🔥 $ADA +143% IN DEX VOLUMES: TESTING $0.28, BUT RSI(6) OVERHEATED AT 83! 🚀📊
Decentralized exchanges on Cardano recorded a weekly trading surge to $41.9 million (+143%), confirming a real acceleration in capital turnover across the network. Against this backdrop, the price of $ADA jumped to $0.2789.
The price broke above the upper Bollinger Band, but RSI(6) reached 83. Entering at current levels is risky. A safer strategy is to look for a long entry on a pullback into the $0.2580–$0.2680 zone, with targets at the highs of $0.2824 / $0.2955.
📊 Setup:
Entry: $0.2580 – $0.2680
TP: $0.2820 / $0.2950
SL: $0.2450
#ADA #Cardano #DeFi #TechnicalAnalysis #BinanceSquare
Decentralized exchanges on Cardano recorded a weekly trading surge to $41.9 million (+143%), confirming a real acceleration in capital turnover across the network. Against this backdrop, the price of $ADA jumped to $0.2789.
The price broke above the upper Bollinger Band, but RSI(6) reached 83. Entering at current levels is risky. A safer strategy is to look for a long entry on a pullback into the $0.2580–$0.2680 zone, with targets at the highs of $0.2824 / $0.2955.
📊 Setup:
Entry: $0.2580 – $0.2680
TP: $0.2820 / $0.2950
SL: $0.2450
#ADA #Cardano #DeFi #TechnicalAnalysis #BinanceSquare
