$ADA - Everyone is scared at $0.1694, but I'm watching this level
$ADA It's currently at $0.1698, down 5.03%. It fell from $0.1807, touched the low of $0.1673, and then bounced back up, which means buyers are still active at the lower levels.
In my view, 2 levels are very important:
Support: $0.1673 - If this holds, a bounce from here is likely
Resistance: $0.1758 - The real uptrend will begin only above this level
The RSI is at 21.20, which means sellers are getting tired and the coin is oversold. In my opinion, panic selling here would be a mistake; I'll wait for a bounce at $0.1673.
What will you do? Bounce or dump?
Follow for daily $ADA updates.
If this analysis helped you, a small tip is appreciated 🙏
#ADA #Cardano #Crypto
$ADA It's currently at $0.1698, down 5.03%. It fell from $0.1807, touched the low of $0.1673, and then bounced back up, which means buyers are still active at the lower levels.
In my view, 2 levels are very important:
Support: $0.1673 - If this holds, a bounce from here is likely
Resistance: $0.1758 - The real uptrend will begin only above this level
The RSI is at 21.20, which means sellers are getting tired and the coin is oversold. In my opinion, panic selling here would be a mistake; I'll wait for a bounce at $0.1673.
What will you do? Bounce or dump?
Follow for daily $ADA updates.
If this analysis helped you, a small tip is appreciated 🙏
#ADA #Cardano #Crypto
