1. Overall Technical Analysis

From the daily chart perspective, after peaking and retreating in mid-April, ADA is currently in a weak fluctuation structure. In terms of the moving average system, MA30 and MA100 have formed a death cross, exerting pressure, and although the price has tested the upper 0.72 area several times, it has not broken through, overall showing a downward trend. The MACD double lines have continued to weaken after a high-level death cross, and the daily chart shows a clear bearish trend.


From the four-hour chart perspective, although the price once surged and retraced to 0.72, it quickly dropped to around 0.69, showing weak rebound strength. MA30 and MA100 continue to exert pressure, with short-term moving averages repeatedly testing lower levels. Recent K-line high points have been continuously declining, forming a typical downward channel, and bearish momentum is clearly dominant. The RSI indicator is currently in a weak consolidation at a medium-low level, with no significant oversold signals observed, reserving further downward space.


In the one-hour chart, from last night to today, the price has been fluctuating around 0.70, with short-term rebound strength diminishing, and it has now broken through the 0.70 level again. The moving averages are in a bearish arrangement, with MA7 and MA30 forming a death cross downward. The trading volume is shrinking, and if it breaks below the 0.69 support with increased volume in the short term, bears may further intensify their efforts.

2. Today's Predicted Levels (currently around 0.698)

Opening Position: Light short position in the range of 0.695~0.698

First Take Profit Level: 0.685

Second Take Profit Level: 0.675

Stop-loss level: 0.712

From the recent structural judgment, if the support at 0.69 is lost, the probability of dropping to 0.675 is high, which is an ideal rhythm for a trend-following short position. It is essential to follow trading discipline, decisively execute take profit and stop loss, and avoid unnecessary losses caused by market fluctuations.