$ADA

📈 ADA currently, ADA is stuck around the 20-day moving average ($0.58), like a taut rope, where whoever applies force first can directly determine the direction.

🟢 Bullish direction: Just a little more firepower, it all depends on these few levels!

If it can strongly break through the 20-day moving average, then the next challenge is:

50-day moving average ($0.64) 👉 The first tough nut to crack;

Downward trend line 👉 The real big boss.

🌈 Once it breaks through the trend line and stabilizes, the trend could completely reverse!

In simple terms: Bulls are now like players in a dungeon, once they clear two levels they can turn the tide!

🔴 Bearish direction: Focus on $0.50, if it breaks, it's open season!

But bears are not to be underestimated:

As long as they can break ADA below the $0.50 support level, they can form a typical descending triangle pattern. Technical analysts know what this means, right? 👇

🔻 Downward target directly points to $0.40