ADA: Bulls Bounce, But Is This a Bull Trap?Cardano / TetherUSBINANCE:ADAUSDTDukesMarketAnalysisStrong Bounce From the Lows Cardano has bounced strongly from the recent $0.1382 low, with price making a sharp move back towards the $0.19 area. Former Support Now Resistance The former $0.19 support zone is now acting as resistance, with price already showing some hesitation around this key area. Bearish Structure Remains The 100/50-day EMAs remain bearishly crossed, while the 50-day EMA is once again adding further resistance to the current move. Momentum Improving, But Stretched RSI has pushed above 50, and buying volume has picked up slightly, although the StochRSI is now crossing in overbought territory. Breakout or Bull Trap? A clear break above $0.19 could open the door towards the bottom of the former four-month consolidation around $0.2350. Rejection here, however, could signal a bull trap and put the recent lows back in focus. 75-Word Summary Cardano has bounced strongly from $0.1382, but the bulls are now facing a major test around the former $0.19 support area. The broader structure remains bearish, with the 100/50-day EMAs still bearishly crossed and the 50-day EMA adding resistance. Momentum has improved, but StochRSI is already overbought. A clear break could target $0.2350, while rejection here may signal a bull trap and bring the recent lows back into focus.