$ADA 🔥🔥The RSI value is at 41.6662, which indicates that selling pressure is dominant and the market may remain weak for a while.
The MACD histogram has turned negative, indicating that bearish momentum is increasing.
The DIF line has fallen below the DEA line. The 5-day moving average (MA5) is below the 10-day moving average. This supports the short-term downtrend.
At 11.79, the Stochastic RSI is close to the oversold zone. This may indicate the possibility of a recovery in the short term. $ADA is currently in a downward trend. However, since RSI and Stochastic RSI values are at their lowest levels, reaction buying may occur after a while.
Support: 0.8555 -Bollinger lower band, 0.7500 – A possible support level that the price has already tested.
Resistance: 1.0704 - Bollinger middle band (MA20), 1.2854 - Bollinger upper band, 1.3264 - Last peak
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