ADA/USDT Daily Point Analysis and Direction Prediction
Support Levels:
1. $0.84: Short-term key support, if broken will test the $0.80 area.
2. $0.80: Medium-term strong support, breaking below may open further downside potential.
Resistance Levels:
1. $0.88: Short-term resistance, breaking through will test the $0.92 area.
2. $0.92: Important resistance level, breaking through will further challenge $1.00.
Market Direction:
Price is operating below MA7, MACD bearish momentum continues, but volume is weakening, market sentiment remains weak. Short-term volatility is quite likely.
Trading Suggestions:
• Long Position Strategy: Try a light long position near the $0.84 support level, stop loss at $0.80, target $0.88-$0.92.
• Short Position Strategy: If it breaks below $0.84, consider a short position, stop loss at $0.88, target $0.80-$0.78.
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