Currently, opinions on the ADA market vary, but everyone believes it has reached a critical technical point. The next steps will depend on the battle between support and resistance.
If bullish, it needs to first stabilize in the support area of $0.62-$0.64. If it holds there, a rebound may occur, targeting $0.72-$0.80.
The bearish risks are also significant; $0.625 is key, and if it breaks down, it could fall to $0.55. If buying pressure fails, in extreme cases, it could drop to $0.48-$0.50.
Trading advice suggests shorting around $0.655-$0.662, first looking at $0.645, then seeing if $0.637 can break. These are just references; don't take them as investment advice; assess the risks yourself.
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