ADA's Uphill Battle: What Needs to Happen to See $0.77 Again?
Looking at the ADA/USDT chart, the road back to its MA(99) at $0.7713 is a steep one! The price is currently facing resistance from the nearest moving average, the MA(7), as it struggles to hold above $0.5691. This immediate barrier must be overcome for any short-term upward momentum.
The crucial next targets for a bullish reversal are $0.6034 (MA(25)) and the previous structural resistance at $0.6451.
A sustained move above $0.65 would signal a break from the downtrend initiated at $0.8826. Until then, we are in a strong corrective phase. The volume suggests high interest, but the momentum needs to shift dramatically. Will the developers announce a major update to spark the rally?
ADAUSDT
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