ADA is currently oversold with a low RSI, suggesting potential for a bounce. Recent price action shows a downtrend with support near $0.46 and resistance around $0.50.
Current Market Overview
ADA is trading at $0.4666, down 4.89% in 24 hours. The RSI is 29.9, which is below 30 and indicates oversold conditions. This often suggests a potential price recovery.
Key Support and Resistance
Recent local lows show support near $0.4607, while resistance is around $0.4960. The price is below both the 20-day and 50-day moving averages, indicating a bearish trend.
Trading Strategy
Consider buying near support at $0.461 and selling near resistance at $0.496. The oversold RSI and recent bounce from lows suggest a possible short-term upward move.
Risk Management
Always use stop-loss orders to limit losses. Crypto markets are volatile, so only invest what you can afford to lose. Monitor price action closely for any trend changes.
Beginner Recommendations
Advice: buy
Buy Price: 0.461 USDT
Sell Price: 0.496 USDT
Key metrics
| Price | 0.4666 USDT |
| 24h Change | -4.89% |
| RSI(14) | 29.93 |
| SMA20 / SMA50 | 0.47 / 0.48 |
| Daily Volatility | 4.60% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
