Cardano price analysis (Neutral) — 0.92 USDT (-1.26% 24h)

ADA is currently trading at $0.9165, showing a slight decline of 1.26% over the past 24 hours. The RSI reading of 39.19 indicates oversold conditions, suggesting potential for a near-term bounce. Price is trading just below the 20-day SMA ($0.929) but remains above the 50-day SMA ($0.918), indicating mixed short-term signals. The 24-hour volume of $163M shows decent participation, though volatility remains moderate at 2.6%. Given the oversold RSI and proximity to key moving averages, I’d watch for a potential reversal around the $0.91-$0.915 support zone. Consider scaling into long positions here with tight stops below $0.90, targeting a move back toward $0.94-$0.95 resistance. Risk management is crucial given the current market uncertainty.