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Will the ADA Maintain Support?
According to Valdrin, the daily chart also overlaps with the weekly chart, adding to the negative atmosphere.
Analyst stated that the ADA price bounced off the 152-day rising support line today, while stating that this could have negative consequences;
“The lines get weaker with every touch. ADA has bounced from this support line 4 times. In the 5th touch, there may be a break. As a result, we may see a drop to the $0.30 support.”
Tahiri emphasizes that closing above the $0.41 resistance is necessary for this negative scenario to lose its validity. The analyst stated that in this case, a rapid rise to $ 0.50 can be expected.
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