$ADA
š ADA/USDT Weekly Overview:
Current Price: $0.5709 (ā¼2.23%)
Key MA Levels:
MA(7): $0.6602 ā short-term trend: bearish
MA(25): $0.7405 ā medium-term resistance
MA(99): $0.5518 ā long-term support (holding for now)
š Price Action Highlights:
Local High: $1.3264
Strong Support Zone: ~$0.55 (close to MA(99))
Resistance Levels: ~$0.66 and ~$0.74
Downtrend: Price is trading below all key moving averages, indicating sustained selling pressure.
ā ļø Market Sentiment:
ADA is approaching critical long-term support near $0.55.
If this level breaks, the next support lies around $0.47ā$0.48.
For bullish reversal, ADA must reclaim MA(7) and MA(25) zones.
Summary:
ADA is in a bearish consolidation phase, holding barely above long-term support. Traders may wait for a breakout or breakdown confirmation before acting.