Brothers, the target level was stated incorrectly, the first target level is 0.8283! The second target level is 0.8065!
龙辰-带领辉煌
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Family! Today, Brother Long will chat with everyone about the ADA trend and operation strategy.
Family, today we will dive straight into the topic of ADA! This coin is currently stuck at a key point, understanding the direction is essential before taking action. Brother Long will help you analyze the market and provide strategies, so you will have a clear idea after reading.
First, remember the key levels: the support level is at $0.83, which is the lower end of the recent fluctuation; if it breaks below, a pullback is likely; the resistance level is at $0.865, which is the high from July, breaking through this level could open up upward space. If it holds above $0.865, the potential target could reach $0.90-$0.95, based on the golden cross and Fibonacci extension, supported by technicals.
Technical indicators also need to be observed: the RSI is currently around 55, neutral to slightly bullish, not overbought, with room for upward movement; the MACD fast and slow lines are about to touch the zero line, and if a golden cross forms, the rate of increase may accelerate. The most striking part is the trading volume, with a significant increase in large on-chain transactions recently, with over 137 transactions of a million dollars in a single day, indicating that funds are clearly becoming active.
But don’t be overly optimistic; ADA is currently at a critical breakout window. Although the technicals are biased towards bullish, be cautious of market volatility—if Bitcoin or Ethereum wobble, ADA can easily follow suit. So, be prepared with two strategies: breaking through $0.865 may start a new upward cycle; if there’s a pullback, $0.80-$0.83 has a high safety margin, those looking to enter can watch this range.
Finally, Brother Long's strategy for today, personal suggestions for reference! I am shorting around $0.8410-$0.8530, first looking at $0.8065, and if it breaks below, then looking at $0.7860. Remember, the market changes quickly, real-time data must be closely monitored, everyone has a different risk tolerance, and don’t blindly follow; when adjusting strategies, weigh how much volatility you can withstand! #ADA
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