ADA Pullback to $1.01: Short-term Support Emerges, Divergence Between Bulls and Bears Intensifies

Market Analysis:

ADA/USDT current price is $1.0119, 24-hour decline of 3.10%. The price has pulled back from a high of $1.1519, breaking below MA(7) and MA(25), but short-term support has appeared near MA(99). Trading volume has significantly increased, and the MACD indicator is trending downward, indicating that bearish momentum is strengthening.

Key Levels:

• Support Levels: $1.0000, $0.9500

• Resistance Levels: $1.0500, $1.1000

Trading Suggestions:

1. Short-term Long Position:

• If the price stabilizes around $1.0000, a small position can be attempted for a long, with a target of $1.0500 and a stop-loss at $0.9800.

2. Short Position Strategy:

• If a rebound is blocked around $1.0500, a short position can be initiated, with a target of $1.0000 and a stop-loss at $1.0700.

Risk Warning:

• Currently, there is significant divergence between bulls and bears in the market, attention should be paid to the support strength at $1.0000, and if this level is lost, it may further test $0.9500.

• Strictly set take-profit and stop-loss levels to prevent unexpected volatility.

Market Outlook:

ADA/USDT may maintain volatility during the adjustment process, and investors should closely monitor changes in market volume and key level gains and losses to capture high-probability trading opportunities.