$ADA Short-term price fluctuations and key levels
Support and resistance: The current price of ADA (May 2025) fluctuates between $0.58 and $0.75, the short-term resistance is $0.75 and the support is $0.58. If the resistance is broken, it could rise to $0.83; if it falls below the support, it could retreat to $0.50.
Momentum indicators: The MACD forms a bullish crossover, the RSI (47) is in the neutral zone, indicating that the market has no clear signals of overbought or oversold, it is necessary to confirm the validity of the breakout with trading volume.
Trend judgment tools
EMA and SMA: The EMA and SMA cross near $0.63, indicating that the short-term trend is neutral, it is necessary to pay attention to changes in the direction of the moving averages.
Bollinger Bands: The contraction of the channel suggests that the price could break out of the range, it is necessary to validate the direction with other indicators.
Short-term trades
Breakout strategy: If the price remains above $0.75, a long position can be opened with little capital, target $0.83; if it falls below $0.58, it is advisable to wait or consider a short position.
Pullback strategy: If it retraces to the support area of $0.58-$0.60, long positions can be accumulated in several entries.
Medium and long-term strategy
Investment plan: Buy a fixed amount each month, diversifying the entry risk and using volatility to reduce costs.
Position management: If it breaks $1.41, part of the profits can be taken; if it falls below $0.50, the fundamentals should be reevaluated.