#ADX is currently trading at $0.1203, showing a +1.43% move today. The token recently broke out of a long-term descending trendline and rallied over 53.44% in the last 30 days. This breakout was strong, supported by rising volume and bullish momentum.
However, price faced resistance at $0.1246 and is now consolidating just below it. If ADX breaks above this resistance with volume, it could aim for the next major level at $0.1406. On the downside, strong support lies at $0.0936, and further at $0.0719.
Short-term trend remains bullish, but caution is advised below $0.1100, as that may signal a pullback. This setup looks ideal for breakout traders watching the $0.1246 level or dip buyers near support.
Overall, ADX has flipped its trend structure and could continue upside if it maintains momentum. Keep a close eye on price action and volume around the key zones!