ADA had an explosive Sunday with prices up 10% after a quiet week.

• Major support levels: $1.2, $1.1
• Key Resistance: $1.53, $1.8

ADA surprised the market with a massive price jump over the weekend and is fast approaching the key resistance at $1.53.

The $1.2 support level has been excellent to keep the price low and act as a springboard for the ADA rally.

Source: TradingView

Technical indicators

Volume: Volume has exploded over the weekend adding significant confidence and momentum to this move higher. It looks like  will soon test the critical resistance at $1.53 as bullish sentiment holds.

RSI: The daily RSI has made a higher high and surged above 50, a sign that the bulls are back.

MACD: The daily MACD has formed a bullish cross and is about to step into positive territory. Support uptrend continuation.

 Source: TradingView

Perspectives

The current trend is up.

The momentum is in favor of the bulls and the price will soon test the critical $1.53 level. If ADA can break above it, a move to the next resistance at $1.8 is possible.

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