#cryptotradingpro

$ADA Technical Price Analysis: ADA Holds $0.72 Support as Key Indicators Hint at $0.78 Rebound

$ADA appears poised for a cautious rebound, holding above $0.72 support despite broader market uncertainty.

The latest candlesticks show $ADA consolidating near $0.74, just above the 50-day moving average at $0.7199, a key level that has repeatedly acted as a short-term floor since early May.

The 7-day simple moving average at $0.7702, now overhead, poses the next resistance barrier, with a daily close above it required to regain bullish momentum.

The Parabolic SAR flipped bearish on May 17 and continues to print above the current price at $0.8558, signaling caution from momentum traders.