The bearish volume has piled up, due to which the top 9th crypto is currently trading below the crucial resistance at $0.3. Moreover, crypto is flashing huge bearish signals which could drive the crypto towards new lows soon. The ADA price witnessed a fresh dismissal from the $0.28 support levels to hit the bottom at around $0.2491.
The price at the moment continues to consolidate losses as it appears to accumulate strength to break above the resistance zone at $0.26. The price may face the first resistance at $0.26 which is 0.23 FIB level. The next major resistance could be around $0.29 which coincides with the 50-Day MA in the short-term. A clear uptick beyond these levels may break the resistance at $0.3 enabling a spike beyond $0.32, while the bulls may escort the price towards $0.350 levels.
Conversely, the bearish scenario includes the ADA price facing rejection from the current support at $0.248. This may break the last point of defence at 0 FIB levels which may trigger a fresh giant move towards the south reaching the $0.2 support.
The price at the moment continues to consolidate losses as it appears to accumulate strength to break above the resistance zone at $0.26. The price may face the first resistance at $0.26 which is 0.23 FIB level. The next major resistance could be around $0.29 which coincides with the 50-Day MA in the short-term. A clear uptick beyond these levels may break the resistance at $0.3 enabling a spike beyond $0.32, while the bulls may escort the price towards $0.350 levels.
Conversely, the bearish scenario includes the ADA price facing rejection from the current support at $0.248. This may break the last point of defence at 0 FIB levels which may trigger a fresh giant move towards the south reaching the $0.2 support.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.