$ADA pair is trading at $0.9647, showing a significant 10.49% decline in the last 24 hours. The price hit a 24-hour low of $0.9508, with strong bearish momentum evident in the hourly chart. Volume levels remain high, suggesting active trading interest during the decline.
Key Observations:
1. Support Level: $0.9500 is acting as immediate support. A breakdown below this level could push the price toward $0.9200.
2. Resistance Levels: The $0.9770 (MA 7) and $1.0019 (MA 25) are critical resistance points to watch for any recovery.
3. Trend Analysis: The price remains below the MA 99 ($1.0636), confirming a bearish trend in the short term.
4. Volume and Volatility: Increased trading volume indicates heightened market activity but lacks bullish pressure.
Trade Outlook:
• A bounce above $0.9500 could target $0.9800 and $1.0000 in recovery attempts.
• If $0.9500 fails, further downside toward $0.9200 is likely.
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ADA
0.4298
-7.33%
