Price analysis of coin #ADA : support and resistance overview of performance

#ADA is the native coin of the #Cardano network, and it serves as fuel for the network used to pay transaction fees and freeze (Sta,king) to contribute to securing the network and earn rewards. With the project moving to its final phase in January 2025, Cardano has become an integrated platform for smart contract (dApps), which enhances the potential demand for ADA.
Currently, the price of #ADAUSDT is trading within a (Descending Channel) pattern, which typically indicates seller dominance, but it may precede a bullish reversal if resistance is successfully broken.
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The main technical levels
- current support:
- 0.50 – 0.52 USD: This area represents a strong support that formed a previous base for an upward movement, and it has been tested several times recently without breaking.
- At this level, accumulation signals appear on the chain (On-chain accumulation), indicating buyer interest.
- near resistance:
- 0.60 USD: a psychological and technical resistance level, where the price has faced repeated rejection at this point.
- 0.65 – 0.70 USD: medium-range levels, considered near targets if 0.60 is successfully broken.
- Future movement scenarios:
- Positive: If the price can break 0.60 with strong trading volume, it may quickly target 0.62, then 0.70.
- Negative: If it breaks 0.50, the price may head towards 0.48 or even 0.45 as subsequent targets.
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Technical indicators analysis
- RSI ( Relative Strength Index ): is moving around the midpoint ( at about 45–50 ), indicating a balance between selling and buying, and does not suggest overbought.
- MACD: Still below zero, but its lines have started to approach a bullish crossover, which could be a buy signal if confirmed.
- Size: Relatively weak in recent days, which reduces the strength of any potential move.
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The information mentioned above has been researched and summarized through personal effort, and does not constitute investment advice.
$ADA ‌