After a week of fluctuations, the ADA price has been oscillating between $0.81 and $1.07, dropping about 9% over the past week and 6.6% over the past month. However, it has still increased by 9% over the past 6 months, indicating that the long-term trend remains stable.
From a technical perspective:
Short-term trend is weak, with the 10-day moving average at $0.85 and the 100-day moving average at $0.88.
Momentum indicators also show weak demand (RSI 38.87, Stochastic 28.72).
If selling pressure continues, the support level at $0.66 may be tested.
Bullish opportunities:
A breakout above $1.17 could lead to a major market sentiment reversal.
A push towards $1.42 is also not far off, with potential gains of 25%–50%.