$ADA 🚀Critical Turning Point
The market is currently indicating strong momentum that could set a new price direction.
Based on technical analysis, a bullish candle with high volume
appeared on January 3, 2025
👀Possible Scenarios👀
🚀Bullish Scenario🚀
Breaking the resistance at 1.119👈
If the price manages to break above 1.119 with high volume,
This could be a signal for the start of a new uptrend.
The initial target will be at 1.158, and if it is broken, we may see higher levels beyond 1.20.
👇Bearish scenario👇
Downward towards support at 0.848👈
In case the price fails to break the resistance level of 1.119, the price may return
to test the support level at 0.848. Breaking this support may lead to further decline towards
lower levels, with the 0.80 level being monitored as a secondary support.
👀Watch recommendation👀
Resistance breakout: The price's ability to exceed the 1.119 level should be monitored, as this may lead
to a strong strengthening of the uptrend.
Volume and golden cross: Increasing trading volume and the formation of a golden cross are two main signals
that confirm the continuation of the bullish momentum.