$ADA

ADA price analysis: key support and range oscillation attack and defense!

Brothers, let's talk about the trend of ADA today. The recent market has entered a critical stage. Is it a rebound breakthrough or a oscillation callback? Let's take a look!

Current situation analysis: confrontation between bulls and bears

At present, the direct support of ADA is at the 20-day exponential moving average ($1.06), which is a key short-term defense point.

If the bulls can gain a foothold at this position, the price is expected to attack $1.16 again, and even challenge the strong resistance zone of $1.33.

Two key scenarios: long-short watershed

Scenario 1: The 20-day moving average support is effective, and the bulls are working hard to hit a new high

Possibility: If the price rebounds at $1.06, it shows that the bulls are still actively defending.

Target: After breaking through $1.16, ADA will usher in a larger upside space, with a direct target of $1.33.

Scenario 2: Falling below the 20-day moving average and falling into a range of fluctuations

Risk: If the price falls below the 20-day moving average and closes below the 20-day moving average, ADA may enter a range of fluctuations between $1.1656 and $0.9.

Greater risk: Once the price falls below $0.9, the bears will dominate and may trigger a deeper decline.

At present, ADA is standing at the watershed of the long-short game. $1.06 is the line of defense that the bulls must hold, while the bears are waiting for an opportunity to break the balance. Brothers, this market is not urgent, and steady and steady is the kingly way. 🚀