Cardano pushed into local resistance at 0.7300–0.7350, which previously acted as key support and now flips to potential rejection. The price remains below the 200 SMA, putting it under bearish pressure despite the latest rally. RSI sits above 56, indicating bullish momentum—but without a structural reclaim above 0.7350, continuation is uncertain. This is a classic range rejection setup unless bulls break and close above that key level.
🟢 LONG bias only above 0.7350 – reclaim the range.
🔴 Otherwise, watch for bearish rejection and lower support at 0.7160.
📊 Keywords: #CryptoTrading #ADAUSD #SmartMoneyZones #RSISetup #ChartBreakdown #ReclaimOrReject
🟢 LONG bias only above 0.7350 – reclaim the range.
🔴 Otherwise, watch for bearish rejection and lower support at 0.7160.
📊 Keywords: #CryptoTrading #ADAUSD #SmartMoneyZones #RSISetup #ChartBreakdown #ReclaimOrReject
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.