Resource: Cryptopotato.com
2 years ago
Date: 06 Jan 2022 - 12:23

Key Support levels 1.2Key Resistance level 1.5After ADA was rejected by the key resistance at 1.5 the price started to fall. With yesterdays market crash the cryptocurrency arrived back on the 1.2 support which was the starting point of the last rally during December. Sellers will need to step up to break this key support level that has held well so far.Chart by TradingViewTechnical IndicatorsTrading Volume The volume was strong during yesterdays selloff and has reduced slightly today. Bulls need to be firm if ADA is to hold above 1.2.RSI The daily RSI is falling after making a lower high. The trend is clearly bearish and if ADA cannot stop the downfall then the RSI will soon reach the oversold area.MACD Due to yesterdays crash the daily MACD completed a bearish crossover. This only intensified today with a falling histogram and expanding moving averages.Chart by TradingViewBiasThe current bias is bearish.ShortTerm Prediction for ADA PriceThe key support is under pressure and any weakness may lead ADA to 1. The indicators are bearish and the daily MACD just started its downtrend. It will be very difficult for the cryptocurrency to sustain its current price level at 1.2 if the overall market continues to decline.

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Crypto Overview Show morenavigate_next

USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
101.49 $ 0 % 33.28 Billion $
0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

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