$ADA

ADA price analysis: pressure intensifies, support becomes the key!

Recently, the price of ADA has been suppressed below the neck of the H&S pattern. The bears obviously do not want to let the bulls go, and the pressure is great. The next key offensive and defensive battle may come!

Short advantage: break the support and look at lower targets

If the price continues to fall, the support area of ​​$0.80 to $0.76 will become the last line of defense for the bulls.

If the support is lost, the bears will further push the price down, and the target may be:

$0.52.

This means a deeper adjustment, and the bulls must be cautious.

Bulls counterattack: hold the support and reverse the situation

If the bulls can hold the $0.80-0.76 support area, a strong rebound is expected:

Once the price re-stands above $1 and stabilizes above it, some aggressive shorts may be forced to short, triggering a short squeeze rebound.

Subsequent rebound targets may look at $1.127 and higher levels in turn.

The current ADA trend is a "powder keg". The $0.76 support and $1 resistance will determine the next direction. Keep a steady mind, keep a close eye on the key points, wait for clear signals before taking action, and don't let the market lead you by the nose!