Analysis of the 1H chart of #ADA / $ADA

The chart shows that $ADA comes from a drop from the recent high of 0.6111 USDT. After hitting a low of 0.5626 USDT on July 4, the price has been moving sideways between approximately 0.565 and 0.581 USDT, with no clear direction for now. This area is one of compression or consolidation, indicating market indecision.

Currently, the price is at 0.5737 USDT. There are several important levels to consider:

• Key support: the area between 0.562 and 0.565 USDT, which has served as a floor. If the price drops and respects that area, it could bounce from there.

• Nearby resistances: the first important resistance is in the area of 0.581 to 0.585 USDT. Then the levels of 0.592 and 0.602 USDT would follow, which are previous pivots.

Regarding indicators, the MACD shows that the bearish momentum has lost strength and is about to make a bullish crossover near the zero line. This could be a sign of a change in price direction, although there is still no clear confirmation because the volume remains low and the candles are small, indicating little market conviction.