🚀 ADA IS RECOVERING – HAS A SPOT OPPORTUNITY EMERGED?
Cardano (ADA) is up about 3.1% over the past 24 hours, trading around $0.1965. Notably, the 4-hour RSI is at 57.9, indicating improving short-term momentum.
Fundamentally, Cardano is advancing a stablecoin standards proposal and research into quantum-resistant signatures, but it still needs time to prove their real-world effectiveness.
📊 Spot Strategy:
* Resistance: $0.2014.
* Support: $0.1950.
* Prefer to wait for ADA to close above $0.2014 and successfully retest it before considering a buy.
* If it breaks below $0.1950, it’s best to stay on the sidelines and watch.
Do you think ADA could reverse course in November?
#SMCrypto #ADA #Cardano #SpotTrading #CryptoAnalysis
Cardano (ADA) is up about 3.1% over the past 24 hours, trading around $0.1965. Notably, the 4-hour RSI is at 57.9, indicating improving short-term momentum.
Fundamentally, Cardano is advancing a stablecoin standards proposal and research into quantum-resistant signatures, but it still needs time to prove their real-world effectiveness.
📊 Spot Strategy:
* Resistance: $0.2014.
* Support: $0.1950.
* Prefer to wait for ADA to close above $0.2014 and successfully retest it before considering a buy.
* If it breaks below $0.1950, it’s best to stay on the sidelines and watch.
Do you think ADA could reverse course in November?
#SMCrypto #ADA #Cardano #SpotTrading #CryptoAnalysis