ADA buyers managed to stop and reverse the downward trend, which brought the price back above 30 cents.
Main levels of support: $0.29
Key Resistance Levels: $0.32, $0.35
After some hesitation, the price action turned bullish on Tuesday. Since then, ADA has broken through the resistance at 29 cents and turned it into support. With the price now above 30 cents, buyers may be able to take it higher with the next target found at 32 cents.
Trading volume: The buying volume increased and the price was quick to react. Buyers have dominated the past four days.
IRS: The daily RSI is approaching 50 points. The bulls must maintain the momentum in their favor if they hope to protect these most recent gains.
MACD: The daily MACD turned bullish yesterday. This could be the start of a longer rally that could recoup some of the more recent losses.
Bias
The bias for ADA is bullish.
Short term prediction for ADA price
Sellers were exhausted at the start of this week, and with Bitcoin rallying, ADA buyers took advantage of this opportunity, taking the price above 30 cents. As long as they can protect these recent gains, the price could continue higher in the short term with key targets at 32 and 35 cents.
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