🚀🔥 CARDANO IS BACK ABOVE KEY SUPPORT
$ADA is trading near $0.250 and holding above the 50-, 100-, and 200-day EMAs 📈 Nearest support is at 0.245, followed by the 200-day EMA (0.241) and 0.236.
Derivatives have improved slightly: the long/short ratio is 1.004, and funding has turned positive (0.0061%) 💹 But the margin of safety is thin, and CryptoQuant sees overheating and spot selling pressure 🧱 RSI is around 54, while MACD is still slightly below zero, so there’s no strong momentum yet.
🎯Setup: 🟢
Entry: 0.2440 – 0.2500
SL: 0.2320
TP: 0.2687
Do you think ADA will reach 0.30, or will it test 0.24 once more first? 👇🤔
$ADA #Cardano #crypto #Trading
$ADA is trading near $0.250 and holding above the 50-, 100-, and 200-day EMAs 📈 Nearest support is at 0.245, followed by the 200-day EMA (0.241) and 0.236.
Derivatives have improved slightly: the long/short ratio is 1.004, and funding has turned positive (0.0061%) 💹 But the margin of safety is thin, and CryptoQuant sees overheating and spot selling pressure 🧱 RSI is around 54, while MACD is still slightly below zero, so there’s no strong momentum yet.
🎯Setup: 🟢
Entry: 0.2440 – 0.2500
SL: 0.2320
TP: 0.2687
Do you think ADA will reach 0.30, or will it test 0.24 once more first? 👇🤔
$ADA #Cardano #crypto #Trading