$ADA /USDT Technical Update - Retesting Resistance

Current Price: $0.9550 (+5.06%)

Key Highlights:

24H High: $0.9740

24H Low: $0.8798

Volume: 226.00M ADA

Technical Overview:

$ADA/USDT has rebounded strongly from its 24H low of $0.8798, briefly testing resistance near $0.9740 before pulling back slightly. The price is trading above the 7 EMA ($0.9520) and 25 EMA ($0.9372), signaling a bullish trend. However, it remains just below the 99 EMA ($0.9733), which serves as a critical resistance level.

Support Levels: $0.9400 | $0.9200

Resistance Levels: $0.9700 | $0.9800

What’s Next?

If $ADA can break above $0.9700 with strong volume, it could test the next resistance at $0.9800. A failure to hold above $0.9400 may lead to consolidation or a pullback towards $0.9200.

Strategy:

Consider entries near $0.9500-$0.9550 with targets at $0.9700 and $0.9800. Use a stop-loss at $0.9300 to manage risks.

Observation:

ADA's recovery indicates strength, but the price needs to clear $0.9700 decisively to confirm a continuation of the bullish momentum.

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