ADA Daily Playbook
Cardano is trading at 0.19, carving out a short-term uptrend as price sits above the rising 50-SMA at 0.16, but the broader tape remains impaired with the 200-SMA overhead at 0.24 and price still 20.8% below that long-term mean — the classic profile of a counter-trend rally inside a larger downtrend. Momentum is confirming the bounce: RSI(14) at 65.84 is firmly bullish without being stretched into extreme territory, and the MACD has crossed above its signal line (0.00 vs -0.00), pointing to improving trend strength off the lows. The setup is a continuation attempt from the 50-SMA reclaim, with 0.16 as first meaningful support and the 200-SMA near 0.24 as the pivotal resistance that ultimately defines whether this is a rally or a regime change. A trigger for follow-through would be sustained daily closes pushing toward that 0.24 zone with RSI holding above 60; failure would show up as a rejection back under 0.16 alongside a bearish MACD cross, which would invalidate the near-term bullish read and reopen the downside inside the larger trend. Keep risk defined against the 50-SMA — losing it flips the character of this move from constructive to distributive.