$ADA

⚠️ADA has been on a downward trend, reaching the 'floor' of $0.60 on June 5. Bears are currently firmly in control, and the situation was once very dangerous!

🔁 Here it comes! A 'rebounding relief' effort from the bulls!

The bulls are not sitting idle and have started to organize a counterattack.

The price is currently challenging the 20-day moving average ($0.70),

but this is the stronghold of the bears!

If the price is violently pushed down here, then $0.60 will be at great risk,

and once it is lost, the next stop will be — $0.50!

🚀 Is there still a chance? The key lies in the trend line!

If the bulls can gather momentum and break through and hold above the 20-day moving average,

then there will be a chance to further challenge the downward trend line,

this is the 'watershed' of this round of movement!

Breaking the trend line = it could signal the end of the correction and restart the upward momentum!