đš $ADX /USDT PRICE ACTION ANALYSIS â IS A REVERSAL COMING? đš
ADX/USDT is showing significant movement on the 15-minute chart, currently sitting at $0.1765, with a solid +7.82% increase in the past 24 hours. The coin has tested a 24h high of $0.2116 before dropping to its current level, and the 24h low stands at $0.1637, reflecting strong volatility in today's market.
đ Market Summary: After peaking at $0.2116, ADX has retraced significantly, now consolidating around the $0.1765 mark. This retracement indicates an overextension from the earlier pump, but with this fresh consolidation phase, it could either break higher again or continue the downward momentum.
đĄ Critical Levels to Watch: đĄ
Resistance: $0.1804 USDT â This is the next significant barrier; a breakout above here could signal a bullish run to reclaim the $0.1972 zone.
Support: $0.1637 USDT â A retest of this support could trigger a bearish move toward $0.1500 if the market sentiment weakens further.
đ Long-Term Signal (1D): Bearish sentiment dominates the longer time frames, with key resistance levels holding strong at $0.2116. If buyers donât break past the current resistance, we could see further consolidation or even drops to the $0.1500-$0.1400 range. A longer-term decline could bring the price back into deeper support zones. Shorting opportunities could arise on a rejection from $0.1804 or higher.
đ Short-Term Signal (15m): The short-term momentum suggests a bounce-back potential toward $0.1804, which would give day traders an opportunity for a quick scalp trade if momentum continues. However, if it breaks the $0.1637 support, it may be a warning sign for further downside, presenting an opportunity to enter short positions targeting $0.1500.
đ Bearish Breakdown Alert: A failure to hold the $0.1637 support could lead to a panic sell-off, pushing the price to test $0.1500 or lower.
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