ADA had an explosive Sunday with prices up 10% after a quiet week.
The $1.2 support level has been excellent to keep the price low and act as a springboard for the ADA rally.
Source: TradingView
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
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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