$ADA

From the daily chart of ADA/USDT, the following is the main point analysis and short-term strategy suggestions:

Market Analysis

• Current Price: $0.9092, daily decline of 1.36%.

• 24-hour Highest Price: $0.9298

• 24-hour Lowest Price: $0.8698

• Technical Performance: Recent prices are under pressure from short-term moving averages (MA7, MA25), the market is in a correction trend, with bears in control.

Key Levels

• Support Levels:

1. $0.8700 (short-term support)

2. $0.8000 (stronger support area)

• Resistance Levels:

1. $0.9700 (below recent high)

2. $1.0100 (psychological level)

Technical Indicators

• MACD: Bearish momentum continues to increase, DIF and DEA dead cross downward.

• Moving Averages: Short-term moving averages diverging downward, significant pressure; long-term moving averages (MA99) still trending upward.

• Volume: Volume decreases, market sentiment is cautious.

Short-term Strategy

Long Position Strategy

• Entry Point: Price retraces to around $0.8700, build positions in batches.

• Take Profit Point: $0.9700, $1.0100.

• Stop Loss Point: $0.8500.

Short Position Strategy

• Entry Point: Price rebounds to $0.9700 but fails to break through, short with light positions.

• Take Profit Point: $0.8700, $0.8000.

• Stop Loss Point: $1.0000.

Risk Warning

ADA is in a short-term correction state, but the overall trend has not been broken, pay attention to the support performance at $0.8700. If it breaks below, it may further approach $0.8000; if there is an effective rebound, it is expected to retest the $0.9700 resistance level.

It is advisable to operate cautiously and manage risk well.