📊 $ADA
/USDT 4-Hour Chart Analysis 📉
Current Price: 0.7491 (+0.88%)
The 4H chart shows a recent downtrend from 0.8400 to a low of 0.7200, with a slight recovery. Despite the uptick, the trend remains bearish with lower highs and lows since May 13.
🔑 Key Levels:
Support: 0.7200 (recent bounce)
Resistance: 0.7600–0.7800
📉 Indicators:
Volume: Declining during the downtrend, slight increase on recovery weak buying momentum.
SMA: Trending down, price just below it, suggesting resistance.
📅 Performance:
7D: -5.62%
30D: 19.74%
1Y: 60.13% (strong long-term growth)
💡 Outlook: ADA is in a short-term bearish phase but showing signs of consolidation. Watch for a break above 0.7600 (bullish) or below 0.7200 (bearish). Volume and broader market sentiment will be key!
