ADAUSDT — Technical Analysis (12H)

$ADA #TrendTradingStrategy #Cardano

🔍 Overview: Cardano (~0.3589) continues in a pronounced downtrend.

1. Trend: The price is trading below the EMA(7) (~0.3613), the EMA(25) (~0.3742), and the EMA(99) (~0.4016), confirming a strong downward trend.

2. Resistance: The EMA(7) at $0.3613 is the first barrier for any rebound attempts.

3. Support: The recent low at $0.3391 is the next support target.

4. MACD: The histogram is red, reflecting sustained selling pressure.

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✅ Conclusion:

$ADA shows clear weakness. There are no reversal signals at the moment. The most prudent strategy is to look for sales on rebounds towards the EMA(7).

📉 #Crypto #AnalisisTecnico #ADA

ADA
ADAUSDT
0.3215
-3.71%