Market Update: ADX/USDT
The ADX/USDT pair trades at £0.1709, down 6.05% in 24 hours, with 10.75M ADX and 1.87M USDT in volume. Despite short-term decline, MA(7), MA(25), and MA(99) at £0.1742, £0.1811, and £0.1685 suggest potential stability. Phoenix Group's £380M mining equipment deal may boost infrastructure sector.
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Additional insights:
- Moderate volume indicates stable market interest.
- ADX's decline may be a correction after recent gains.
- Moving averages suggest potential support.
- Phoenix Group's deal may positively impact ADX's price.
- Support levels: £0.1558, £0.1641. Resistance levels: £0.1752, £0.1946.