$ADA

🔮 ADA reached the $1 mark on August 14, but encountered strong selling pressure at the $1.02 resistance level, leaving a long upper shadow.

🐂 Bullish Perspective

The moving averages are starting to strengthen, and the RSI is approaching the overbought zone, indicating that buyers still hold the initiative.

If it can successfully break through $1.02, ADA is expected to accelerate upward, targeting the $1.17—$1.25 range.

🐻 Bearish Perspective

However, if the price falls below the 20-day moving average ($0.8), it will release a signal of weakness. Subsequently, ADA may further retreat and test the 50-day moving average ($0.74) support.

🎯 Key Observations

Support: $0.8 → $0.74

Resistance: $1.02 → $1.17 → $1.25

Trend Signal: Bullish if breaking through $1.02, weakening if falling below $0.8.