#TopCoinsSeptember
The long tail on the December 20 candlestick shows that the bulls are trying to defend the breakout level at $0.80, because failure to do so could take the ADA/USDT pair to $0.69. If this support also breaks, the pair could fall towards the standard target of $0.50.
This negative view will be invalidated in the short term if the price rises and breaks above the 20-day Exponential Moving Average (EMA). This will indicate solid demand at lower levels. The pair may consolidate between $1.20 and $0.80 for a few days.
