📊 ADA Market Snapshot – May 20, 2025

Current Price: $0.7287

24h Change: +0.48%

24h Range: $0.7196 – $0.7521

Market Cap: $25.8B

Volume: $737M

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🔍 Technical Overview

Support: $0.72

Resistance: $0.75

RSI (14): 49.6 (Neutral)

MACD: 0.02 (Bullish)

Moving Averages:

50-day EMA: $0.72 (Buy)

100-day EMA: $0.73 (Sell)

200-day EMA: $0.80 (Sell)

ADA is currently hovering around the $0.72 support level. A decisive close below this could trigger a correction. On-chain metrics show a decline in daily active addresses and DEX trading volume, supporting a bearish outlook.

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📉 Updated ADA Liquidation Overview

Short Liquidation Cluster: If ADA's price rises to approximately $0.794, over $25 million in short positions are at risk of liquidation. This level serves as a significant resistance point and could trigger a short squeeze if breached.

Open Interest (OI): Currently stands at $862.42 million, reflecting a 3.64% decrease. This decline suggests a reduction in trader engagement or a cautious market sentiment.

Funding Rate: Remains neutral to slightly positive, indicating a balanced sentiment between long and short positions among traders.

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🔮 Price Forecast

Short-Term: A rebound above $0.7350 could target $0.7660 and $0.8166.

Mid-Term: Analysts predict ADA could reach $1.02 if bullish momentum continues.

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🧠 Final Thoughts

While ADA shows signs of a potential breakout, caution is advised due to weakening momentum and bearish on-chain indicators. Monitoring key support and resistance levels, along with derivatives metrics, will be crucial in the coming days

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