ADA steps out of an independent market! Is it unable to fall? Institutional whales are secretly accumulating! 📉
Brothers, don't just stare at Bitcoin, take a look at $ADA. Although this coin usually moves like an old lady taking a walk, something seems off today, clearly institutions are supporting it.
Dan Bao's hard-core analysis (real-time data at 22:20 Beijing time):
• Current price: $0.2861 USDT.
• Main force direction: In the past 24 hours, ADA has risen more than 4.7% against the trend. While everyone thinks it is going to drop back to $0.20, the main force has built a steel defense line around $0.27, and today's rebound strength has directly outperformed the market.
• Major positive news: CME Group has officially launched ADA futures contracts. This means that large US funds and institutional players can now enter the market, and ADA has officially joined the “regular army” club of BTC and ETH.
• Key price levels: The first resistance level above is $0.30, and after stabilizing, it looks directly at the breakthrough zone of $0.33-$0.37. The core support below is firmly held at $0.26.
Operation suggestion:
If you want stability and don't want to play with those coins that may drop to zero at any moment, the position $ADA has a very high cost performance. Currently, the RSI is moving away from the oversold area, and the volume at the bottom is obviously increasing. Don't wait until it returns to $1 to ask me if you can buy!
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$ADA
