Technical analysis by tomas_jntx about Symbol ADA: Buy recommendation (8/6/2025)

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