$ADA

🚀 ADA recently climbed directly to the 20-day moving average (0.78 USD), which indicates that there are people wildly bottom-fishing near the 50-day moving average (0.70 USD).

🐂 Bullish Scenario

As long as the price remains above the 20-day moving average, ADA has a chance to first touch 0.86 USD, and then challenge 0.94 USD. The bears are likely to defend 0.94 USD, but if the bulls break through, it could directly surge to 1.17 USD.

🐻 Bearish Scenario

If ADA drops back below the 20-day moving average, it indicates insufficient demand above, and the market may oscillate between the 20-day and 50-day moving averages for a while, making it a bit uncomfortable for both bulls and bears in the short term.

📌 Key Points for Trading

Bullish Defense Level: 0.78 USD

Bearish Defense Level: 0.94 USD

Target for Surge: 1.17 USD