ADA/USDT daily chart. Source: TradingView
If the price remains below the moving averages, it will signal that the ADA/USDT pair may fluctuate between $0.57 and $0.68 for some time. The flattening 20-day EMA ($0.66) and RSI near the midpoint suggest consolidation in the near future.
However, if the price rises from the current level and exceeds $0.70, it will indicate that the bulls are back in the game. The pair could then try to rise to $0.81, where the bears could pose a serious challenge.
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