ADA Price Outlook

ADA had been stuck in a downward price channel since mid-November 2024 on the 2-day chart. However, that trend was broken recently, sparking bullish sentiment among traders.

Popular analyst Crypto Beast showed optimism for ADA’s mid-term outlook, predicting strong potential over the next 4–5 months.

On the daily chart, the RSI sits at 58.25, leaving room for a continued uptrend. A break above the $0.85 resistance zone could lead the cryptocurrency to $0.93 and eventually the psychological barrier at $1.00.

ADA is pushing against the upper Bollinger Band, indicating strong bullish momentum. However, in the past 24 hours, the price has seen a 3% drop, suggesting consolidation in the short-term.

Traders should watch the key support at $0.72 and $0.65. Breaching these levels may invalidate the current bullish setup.

Meanwhile, the MACD shows a bullish crossover, with the MACD line trending above the signal line, hinting at growing buying pressure.