$ADA

It surged and closed above the $0.80 barrier on November 20, signaling the start of the next leg of the upward move.

The bulls are trying to push the price towards the psychological level of $1, which should act as a strong resistance. If the price turns down from $1 but fails to slide below $0.80, it will indicate that the bulls have flipped the level to support. This increases the possibility of a break above $1. The ADA/USDT pair may then rally to $1.25.

Contrary to this assumption, if the price turns down sharply and breaks below $0.80, it will suggest that the markets have rejected the breakout. The pair may dip towards the 20-day EMA ($0.63).