Technical analysis by MonoCoinSignal about Symbol ADA: Buy recommendation (12/8/2025)

Hey guys, ADA's testing some critical levels here at $0.4357 on the 4H timeframe. Cardano's pushing right against the Bollinger Band upper boundary at $0.4364 after a solid rally from the $0.4106 low. The structure looks bullish - we've confirmed a higher low formation, price is holding above both EMA20 ($0.4254) and EMA50 ($0.4246), and ADX at 44.7 confirms we're in a legitimate trending environment rather than choppy consolidation. MACD just flipped bullish with a fresh crossover, adding momentum to the setup. What caught my attention is the wick analysis showing 26.7% lower wick (strong buyer absorption) versus 65.1% upper wick (seller resistance at $0.4413). RSI at 66.8 gives us room to run before overbought territory, though Stochastic at 84.5 suggests we're getting stretched short-term. Volume's slightly below average which introduces caution - we'd ideally want expansion on the breakout attempt. Key resistance sits at today's high of $0.4413, then psychological $0.4500 if we punch through. Support stacks at the EMA cluster around $0.4250 and BB middle at $0.4207. For entries, I'd prefer a slight pullback toward $0.4300-$0.4340 rather than chasing at current levels. Stop below $0.4190 (beneath EMA confluence) with targets at $0.4450 and $0.4550 sets up roughly 1:2.5 risk/reward. The trend regime and bullish price structure tilt probabilities upward, but that upper wick rejection at $0.4413 means we need to see buyers step up with conviction. Watch how price reacts if we test the EMA20 support - a clean bounce there confirms continuation potential. How are you playing this move?