Cardano's recent technical outlook indeed has some highlights. The current price is 0.364269, and the RSI indicator has already reached 66.7, showing a clear bullish momentum. Although there are still some bearish voices in the market, based on the candlestick patterns and indicator signals, ADA seems to be brewing a rebound opportunity.



Key levels to watch carefully:

Support at 0.349700, which is the bottom line. If it breaks below this, a reassessment is needed. Resistance at 0.378800, representing recent pressure. But most importantly, the breakout level is 0.373400—if the price can effectively hold above this point, the upward potential will open up significantly.

Here's my thinking. First, try a 10% position to test the waters and gauge market sentiment. If ADA can hold steady above 0.373400, consider increasing the position to around 30%. Set the stop-loss just below the support level at 0.349700 to keep risk manageable. The initial price target is 0.378800; if broken, further follow-up can be considered.

Is this market move worth paying attention to? From a technical perspective, the opportunity is indeed there. But everyone's risk tolerance is different, and trading plans should be tailored individually. What do you all think about this level?
ADA8,7%
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NervousFingersvip
· 8h ago
0.373400 is an interesting level; it feels like you need to hold it.
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LiquidityNinjavip
· 8h ago
RSI is already at 66, what are you hesitating for? Not entering the market at this pace is really a loss.
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fork_in_the_roadvip
· 8h ago
ADA this position is indeed a bit interesting, but I still want to wait until it drops back to 0.35 before buying in. Don't always think about chasing highs, brother. There are plenty of rebound opportunities. RSI66 is a bit overheated; I prefer the next wave. Whether the 0.373 level can hold is the key; currently, I am not convinced yet. The analysis seems quite detailed, but actual operation still depends on market temperament. ADA has been quite volatile recently, and my 10% position is still on hold. Whether this rebound can become real depends on whether the energy can keep up.
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StrawberryIcevip
· 8h ago
ADA this time is indeed interesting, RSI is almost overbought, be careful not to play the opposite way
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alpha_leakervip
· 8h ago
RSI 66.7 is a bit hot, be careful of a pullback at high levels. I will still wait for a safer entry point before taking action.
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