💡 Quick technical analysis:
✅ Strong support at $0.6131! ADA has bounced from this level multiple times, reflecting clear buying interest in this area.
✅ RSI at 47.55 ➜ near the neutral zone, meaning the currency still has potential upward momentum before entering overbought territory.
✅ MACD is gradually improving ➜ the gap between the MACD and Signal lines has begun to narrow, which may indicate a potential positive crossover soon that could push the price up.
📊 Averages are converging:
MA(5) and MA(10) are moving horizontally after a downward wave, which may indicate a consolidation phase and calm before a big movement.
📈 Stochastic K at 39.16 and J at 53.60 ➜ has started moving in an upward direction, which supports the likelihood of a short-term breakout.
$ADA
🚀 Expected scenario:
If ADA successfully breaks through the current resistance at 0.6252, then the path is clear to test levels of 0.6428 and then 0.6593, which represent previous bounce areas.
In case of a pullback, $0.6131 remains a strong support area worth monitoring.
$ADA
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🔥 Is ADA preparing for a breakout?!
With the return of accumulation by major whales and the emergence of positive technical signals, we may be on the brink of a strong upward wave! 📊 Don’t miss the moment, as market opportunities don’t wait long!