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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Author
Market
ADA bulls are back, here’s the next target
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.
Join CoinCu Telegram to keep track of news:Â https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
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