The bearish volume has piled up, due to which the top 9th crypto is currently trading below the crucial resistance at $0.3. Moreover, crypto is flashing huge bearish signals which could drive the crypto towards new lows soon. The ADA price witnessed a fresh dismissal from the $0.28 support levels to hit the bottom at around $0.2491.
The price at the moment continues to consolidate losses as it appears to accumulate strength to break above the resistance zone at $0.26. The price may face the first resistance at $0.26 which is 0.23 FIB level. The next major resistance could be around $0.29 which coincides with the 50-Day MA in the short-term. A clear uptick beyond these levels may break the resistance at $0.3 enabling a spike beyond $0.32, while the bulls may escort the price towards $0.350 levels.
Conversely, the bearish scenario includes the ADA price facing rejection from the current support at $0.248. This may break the last point of defence at 0 FIB levels which may trigger a fresh giant move towards the south reaching the $0.2 support.
The price at the moment continues to consolidate losses as it appears to accumulate strength to break above the resistance zone at $0.26. The price may face the first resistance at $0.26 which is 0.23 FIB level. The next major resistance could be around $0.29 which coincides with the 50-Day MA in the short-term. A clear uptick beyond these levels may break the resistance at $0.3 enabling a spike beyond $0.32, while the bulls may escort the price towards $0.350 levels.
Conversely, the bearish scenario includes the ADA price facing rejection from the current support at $0.248. This may break the last point of defence at 0 FIB levels which may trigger a fresh giant move towards the south reaching the $0.2 support.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.