Kindly like share and follow for more updates
$0.542
has risen close to the 20-day EMA ($0.59), which is likely to act as a stiff resistance.
ADA/USDT daily chart. Source: Cointelegraph/TradingView
If the price turns down and breaks below $0.54, the ADA/USDT pair could tumble to the crucial support at $0.50. Buyers are expected to defend the $0.50 level with all their might because a break below it will complete a descending triangle pattern. That may start a downward move to $0.40.
On the upside, if buyers push the price above the 20-day EMA, the pair could reach the 50-day SMA ($0.67). A trend change will be signaled after buyers drive the pair above the downtrend line.
