$ADA #ada #BinanceTurns8

🔍 Quick technical analysis:

• Recent trend: The price has shown a clear recovery from the low of $0.5717 to a recent peak at $0.5906. It is currently at $0.5889, consolidating after a bullish impulse.

• Exponential moving averages (EMA):

• EMA(7) = 0.5879 (price above)

• EMA(25) = 0.5853

• EMA(99) = 0.5822

👉 This indicates short-term bullish momentum, as the price is above all the main EMAs.

• MACD: The DIF and DEA lines are crossing upwards, although very close together. The momentum strength is not very strong yet, but it remains bullish.

• Volume: There was strong buying volume just before this retracement, which could signal institutional interest or large players in this area.

• Recent key support: $0.5850 - $0.5860 (zone where it recently bounced).

• Nearby resistance: $0.5900 - $0.5915.