ADA Price Point Analysis and Trading Suggestions

Recently, the price has fluctuated near short-term moving averages, with intense competition between bulls and bears.

Point Analysis

• Support Levels: $1.050 (short-term support), $0.966 (important support).

• Resistance Levels: $1.111 (short-term resistance), $1.150 (important resistance).

Market Trends

1. Moving Average Performance: The price has broken through MA(7) and MA(25), indicating a gradual formation of a short-term upward trend, but confirmation with trading volume is still needed.

2. Volume Analysis: There are signs of increased trading volume, indicating a rise in market attention.

3. MACD Signal is Strong: The indicator has formed a golden cross near the zero axis, suggesting bullish dominance in the short term.

Trading Suggestions

• Short-term Strategy: Accumulate positions near $1.050 on dips, target price at $1.111, with a stop loss set below $1.030.

• Medium-term Strategy: If the price breaks above $1.111, continue to monitor the upward target of $1.150.

• Risk Warning: If the price falls below $1.050, it may retest the support level at $0.966.

Summary

ADA is currently in a short-term rebound phase, but the overall trend has not yet been fully confirmed. It is recommended to operate with a light position, strictly control risks, and closely monitor changes in trading volume and key level breakthroughs.