$ADA

🔥On October 2nd, although ADA closed above the 50-day moving average ($0.85), the bulls were still blocked at the resistance line. But don't worry, this wave of market movement is not over yet!

From the trend perspective, the bulls did not let the price drop below the 20-day moving average ($0.84), indicating that buying pressure below is quite strong💪. As long as the resistance line can be broken, ADA has a chance to rebound to $1.02, and there may be a short-term explosion at that time🚀.

However, if the price reverses and drops below the 20-day moving average, then caution is advised⚠️, as this indicates that the bears are starting to sell off at high levels, and ADA may remain in a sideways trend within a descending triangle formation.