$ADA – STRUGGLING TO RECLAIM STRENGTH ABOVE KEY ZONE
$ADA is attempting to bounce back after a heavy drop to the $0.6186 low. The 4H chart shows a recent recovery attempt, but resistance at $0.6726 continues to cap upside momentum. Price is hovering around $0.6691, while the Parabolic SAR has flipped bullish with dots forming below candles — indicating a shift in trend.
🔍 Technical Snapshot
• Current Price: $0.6691
• 24h Range: $0.6565 – $0.6791
• Support Zone: $0.6530 – $0.6420
• Resistance Zone: $0.6726 – $0.7072
• Parabolic SAR: Flipped bullish at 0.6537
• Volume Spike: Observed near June 4, then cooled down
• MA(5) & MA(10): Tight convergence, signaling indecision
📈 Momentum Watch:
A confirmed breakout above $0.6726 with volume could trigger a retest of the $0.70+ zone. However, failure to hold above $0.6530 may lead to bearish continuation toward $0.63.
💡 Quick Take:
ADA is at a pivot zone — bulls must reclaim control above $0.67 to maintain recovery momentum. Keep eyes on volume and SAR progression for early breakout confirmation.