ADA is currently in a downtrend with oversold conditions. Consider buying near support levels and selling at resistance for short-term gains.
Current Price Action
ADA is trading at $0.7693, below both the 20-day and 50-day moving averages. The price has dropped 2.95% in 24 hours, showing bearish momentum.
RSI Indicator
The RSI is 45.4, which is neutral but leaning toward oversold. This suggests the selling pressure may be easing soon.
Support and Resistance
Recent local lows near $0.7584 and $0.7637 act as support. Recent highs near $0.794 and $0.7787 act as resistance.
Trading Strategy
Wait for a dip to buy near support. Sell when the price approaches resistance. Use stop-losses to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 0.758 USDT
Sell Price: 0.794 USDT
Key metrics
| Price | 0.7693 USDT |
| 24h Change | -2.95% |
| RSI(14) | 45.41 |
| SMA20 / SMA50 | 0.78 / 0.80 |
| Daily Volatility | 3.33% |
| 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.
