$ADA /USDT Chart Analysis:đâ ADA is currently hovering around a long-standing support trendline that has held strong since March 2020. This suggests a potential rebound, which could push the price towards the resistance trendline at $0.58. The 35-day Exponential Moving Average (EMA) is a key resistance level to watch. If the price bounces back, it could trigger a bullish rally towards its all-time high. However, if the support line is broken, the price may drop by 34% or even 60% in the worst-case scenario. Key levels to keep an eye on include:
- Primary Support/Entry: $0.3732
- Support 1/DCA: $0.2431
- Support 2/DCA: $0.1486
- Resistance 1: 35EMA ($0.48)
- Resistance 2: $0.58
Remember to do your own research (DYOR) and consult a financial advisor (NFA).
Hit the like button and follow me for more updates on Cardano!
