#BTCvsInflation

ADA/USDT Candle Analysis

Price & Market Performance

Current Price: $0.7043

24H High: $0.7177

24H Low: $0.6503

24H Change: +2.32% (Bullish movement)

Volume & Market Sentiment

24H Volume (ADA): 192.81M

24H Volume (USDT): 132.29M

Buy vs. Sell Ratio: 55.89% Buyers, 44.11% Sellers (Bullish sentiment)

Trend & Key Levels

Short-Term Trend: Slight recovery after a drop.

Support Levels:

$0.650 (recent low)

$0.491 (major support)

Resistance Levels:

$0.7177 (short-term resistance)

$0.9339 (strong resistance)

Historical Performance:

7-day change: -11.60%

30-day change: -25.03%

90-day change: +17.52%

180-day change: +106.72%

1-year change: +30.47% (Still positive in the long run)

Candle Pattern Analysis

Previous Large Drop: Suggests selling pressure but now showing signs of stabilization.

Green Candle with Lower Wick: Indicates buyers are stepping in at support.

Volume Spike: Increased interest in the asset, confirming potential trend reversal or consolidation.

Conclusion & Strategy

Short-Term: Bullish above $0.70, with resistance at $0.72-$0.75.

Long-Term: If ADA holds above $0.65, a breakout towards $0.80-$0.93 is possible.

Risk: If price falls below $0.65, expect a drop to $0.49.