Technical Analysis of $ADA: Is it Time to Trade?

Current Price: 1.0576 USDT

24h High: 1.1498 USDT

24h Low: 1.0375 USDT

Change in 24h: -5.82%

Short-Term Trend:

Bearish. The price has fallen below 1.07, with a possibility of consolidation.

Medium-Term Trend:

Neutral to slightly bearish, with tests of the support at 1.05.

Long-Term Trend:

Bearish, with the risk of further declines if the key support is broken.

Key Levels:

• Support: 1.05 - 1.0375

• Resistance: 1.07 - 1.12

Trading Signals:

Bullish:

• Entry: 1.0450 - 1.0500

• Targets: 1.08, 1.12, 1.1498

• Stop Loss: 1.03

Bearish:

• Entry: 1.05 - 1.06

• Targets: 1.0375, 1.02, 0.98

• Stop Loss: 1.09

Trading Moment:

• Positive: If ADA remains above 1.05.

• Negative: If it falls below 1.05, monitor 1.03 as key support.

This analysis will help you make informed decisions. Stick to your strategy and manage risk! 📊$ADA