🚨
$ADA ADA/USDT Technical Analysis – 13th January 2025 🚨
🔍 Current Price: $0.9447 (~Rs. 263.66)
📉 24H Performance: Down by 6.20%.
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Market Overview
24h High: $1.0131
24h Low: $0.9420
24h Volume (ADA): 149.39M
24h Volume (USDT): $146.77M
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Key Technical Indicators
1️⃣ Moving Averages (MA):
MA (5): $2,111,410.0 – Short-term bearish pressure continues.
MA (10): $2,892,335.3 – Further confirmation of the current downtrend.
2️⃣ MACD (Moving Average Convergence Divergence):
Negative crossover points to continued bearish momentum. Be cautious of a further dip.
3️⃣ BOLL (Bollinger Bands):
Price is near the lower Bollinger Band, signaling potential oversold conditions. A reversal could happen soon if buying pressure increases.
4️⃣ SAR (Stop and Reverse):
Bearish trend continues, but watch for potential reversal signals if the price stabilizes.
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Targets 🎯
1. Immediate Support – $0.94:
A key level to watch. If this breaks, ADA could drop to $0.92.
2. Short-term Target – $0.98:
A rebound from $0.94 might lead ADA back toward $0.98, where resistance lies.
3. Mid-term Target – $1.00:
If ADA regains momentum above $0.98, expect a move to $1.00, a strong psychological resistance level.
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📊 Recommendation:
Traders: Look for buy opportunities near $0.94 with a stop-loss below $0.92. Target a short-term move to $0.98.
Investors: Consider accumulating if ADA holds above $0.94, as a recovery to $1.00 is possible.
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