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Major Support Zones (Daily Chart):
1. $0.6750 – $0.6800 (Short-term support)
This is a recent demand zone where price bounced multiple times in late April.
Volume picked up near this level, showing buyers were active.
Acts as short-term protection, but if broken, further downside is possible.
2. $0.6400 – $0.6500 (Medium-term support)
This zone held the price up in March 2024, forming a solid base before the rally to above $0.70.
Strong buying interest was seen here on the daily candles with long wicks and bullish reversals.
If price dips here, it will likely attract institutional buying again.
3. $0.5800 – $0.6000 (Long-term strong support)
This is the strongest historical support from January and February 2024.
Price struggled to break above it for weeks, and once broken, it acted as a solid flip zone.
Breaking this area would mean a serious trend reversal—unlikely unless there's a major market crash.
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Other Technical Observations:
RSI (Daily): Neutral to slightly bearish (~45–50 zone), so not oversold yet.
MACD: Potential for a bearish crossover, but not confirmed yet.
200-Day EMA: Likely still below the current price, giving long-term support confidence.
Volume: Has dropped slightly—watch for spike near support zones for confirmation of buyer interest.
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Conclusion (Strongest Support Zone):
> The $0.6400 – $0.6500 zone is the most reliable strong support on the daily chart.
Unless Bitcoin drops sharply, ADA is unlikely to fall below this zone easily.
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