🚀 $ADA

ADA/USDT Technical Analysis – January 7, 2025

Current Price: $1.1307

24h Change: +5.04%

Volume: 219.54M ADA (~$244.47M USDT)

Trend: Bullish Momentum

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Key Levels to Watch 🎯

1️⃣ Target 1: $1.15

Analysis: This is the 24h high and a key resistance level. Breaking this level with strong volume could confirm bullish continuation toward higher targets.

2️⃣ Target 2: $1.20

Analysis: A psychological and technical resistance. Reaching this level may signal a mid-term rally. Watch for consolidation or increased buy pressure near this level.

3️⃣ Target 3: $1.25

Analysis: A significant supply zone, where prior profit-taking could occur. Strong momentum could push ADA toward this level, especially if overall market sentiment remains positive.

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Indicators Supporting the Trend

MA (5): 6.55M ADA – Suggests bullish alignment.

MA (10): 7.40M ADA – Reinforces upward momentum.

Volume: High 24h trading activity signals robust interest.

Strategy

Short-Term Traders: Look for a breakout above $1.15 and confirm with volume. Use $1.10 as a stop-loss level.

Long-Term Investors: Current levels may be attractive for accumulation, targeting $1.20+ in the coming weeks.