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Will coin $ADA successfully break into the golden zone ๐
The technical chart showing ADAUSDT on the 30-minute timeframe depicts the current state of ADA; the price is testing significant volatility zones after a sharp drop, trying to hold near key support levels.
Hereโs the technical read on the current scene:
Price Action: The price is currently trading at $0.1564, under pressure from moving averages that still reflect a bearish trend on the short term.
Pivot Point (PP): Located at $0.1639, this level represents the biggest challenge (the golden zone); breaking through and holding above it requires confirmation of a shift in the price structure.
Resistance Levels: If the pivot point is reclaimed, the next resistance levels to watch are: $0.1834, followed by $0.2012, up to the upper target at $0.2184.
Support Levels: The protective zones at $0.1536 and $0.1486 remain the defense line that buyers are currently monitoring.
In your opinion, does ADA have enough strength to bounce back and break through the "golden zone" (PP), or are we looking at a continuation of the correction wave? ๐ง
#ADA #Cardano #Crypto #Aymonacci #crypto
Will coin $ADA successfully break into the golden zone ๐
The technical chart showing ADAUSDT on the 30-minute timeframe depicts the current state of ADA; the price is testing significant volatility zones after a sharp drop, trying to hold near key support levels.
Hereโs the technical read on the current scene:
Price Action: The price is currently trading at $0.1564, under pressure from moving averages that still reflect a bearish trend on the short term.
Pivot Point (PP): Located at $0.1639, this level represents the biggest challenge (the golden zone); breaking through and holding above it requires confirmation of a shift in the price structure.
Resistance Levels: If the pivot point is reclaimed, the next resistance levels to watch are: $0.1834, followed by $0.2012, up to the upper target at $0.2184.
Support Levels: The protective zones at $0.1536 and $0.1486 remain the defense line that buyers are currently monitoring.
In your opinion, does ADA have enough strength to bounce back and break through the "golden zone" (PP), or are we looking at a continuation of the correction wave? ๐ง
#ADA #Cardano #Crypto #Aymonacci #crypto