$ADA

The latest market analysis and short-term trading strategies:

Market analysis

• Current price: $1.0923, up 15.14%.

• 24-hour high: $1.0961

• 24-hour low: $0.9100

• Trend overview: ADA rebounded after experiencing a sharp correction, breaking through the MA7 moving average, and the short-term bullish trend gradually strengthened.

Trading volume analysis: Trading volume has increased significantly, the market has strong bullish sentiment, and funds continue to flow in, supporting price increases.

Technical point

• Support level:

• First support: $1.0600 (short-term support)

• Second support: $1.0200 (strong support)

• Third Support: $0.9900 (Key Support)

• Resistance level:

• First resistance: $1.1200 (recent high)

• Second resistance: $1.1500 (key pressure level)

• Third resistance: $1.2000 (psychological threshold)

Short term trading strategy

Multi-order strategy:

• Entry point: $1.0800-$1.0920 range, if the price exceeds $1.1000, you can increase your position.

• Target Take Profit:

1. $1.1200

2. $1.1500

3. $1.2000

• Stop loss level: $1.0600

Short order strategy:

• Entry point: Close to $1.1500. Try short position with short position.

• Target Take Profit:

1. $1.1000

2. $1.0800

• Stop loss level: $1.1800

Interpretation of technical indicators

• MACD: The fast and slow lines form a golden cross, indicating strong rebound momentum.

• Moving average system: MA7 ($1.0081) crosses above MA25 ($1.1020), indicating short-term rebound momentum.

• Trading volume: The increase in volume further enhances the reliability of the increase.

If ADA breaks through the resistance of $1.1200, it may further impact $1.1500 or even $1.2000; if it falls below the support of $1.0600, it may fall back to consolidate around $1.0200.

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