ADA is facing a crucial resistance after a weekly gain of 7%

ADA tried to break the $1 mark yesterday but failed. If momentum returns, the bulls will make another move.

  • Key Support: $0.85
  • Major resistances: $1, $1.1

ADA seems to be consolidating in a tight range between the $1 resistance and the $0.85 support. While indicators are turning bullish, the price action lacks momentum to propel the cryptocurrency higher at the time of writing. However, buyers could soon try to break the $1 mark again.


Daily ADA/USDT Chart | Source: TradingView

Technical indicators

Trading Volume: Volume remains stable but does not appear to be enough to push ADA above $1 at press time.

RSI: The daily RSI failed to break above 50 and if ADA price does not break above $1, the RSI will confirm a lower high and potentially result in a stronger pullback.

MACD: The daily MACD has formed a bullish cross and is sloping up. This is encouraging and speaks for the continuation of the rally.


Daily ADA/USDT Chart | Source: TradingView


The current bias is neutral. ADA doesn’t seem to be able to move out of its current range.

Short term prediction

Although MACD shows ADA ready to move above $1, price action and volume are not giving the same signal. ADA can also hold out for a while before the crucial move occurs.

You can see the ADA prices here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions


According to Cryptopotato

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