The post ADA Technical Analysis Feb 2 appeared on BitcoinEthereumNews.com.

ADA, with RSI at 34.70 approaching the oversold region, shows momentum weakness; while MACD’s negative histogram maintains the bearish signal, the short-term 4.81% rise is supported by volume confirmation and carries potential for a possible bounce. Trend Status and Momentum Analysis Cardano (ADA) is trading at the 0.30 dollar level as of February 2, 2026, recording a 4.81% rise in the last 24 hours and holding the daily range between 0.28-0.30 dollars. The overall trend continues as a downtrend, as the price remains below the EMA20 (0.34 dollars) and the Supertrend indicator gives a bearish signal, with the resistance level standing out at 0.36 dollars. From a momentum perspective, the RSI 14 period is at 34.70 and quite close to the oversold threshold of 30; this indicates that selling pressure is starting to ease. Volume at 657.54 million dollars partially confirms the upward movement, but within the general downtrend, this can be evaluated as a recovery move. Although momentum oscillators’ confluence shows weak bearish bias, oversold conditions bring short-term buying opportunities to the agenda. In multi-timeframe (MTF) analysis, a total of 11 strong levels were detected across 1D, 3D, and 1W charts: 2 supports/3 resistances on 1D, 2 supports/1 resistance on 3D, and 1 support/3 resistances confluence on 1W. This confirms that trend strength is still dominantly downward, but support levels (0.2685 score 67/100, 0.2938 score 64/100) could serve as critical buffers. RSI Indicator: Buy or Sell? RSI Divergence Analysis The RSI 14 period is currently at 34.70, indicating extremely weak momentum. In the recent period, while the price made new lows (down to 0.28 dollars), a slight bullish divergence is observed in RSI: The RSI forming higher lows compared to the price’s low levels signals that selling momentum is starting to exhaust. There is no regular bearish divergence, but…

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Filed under: News - @ February 2, 2026 9:27 pm