$ADA Quiet Accumulation Turning into Momentum?
After weeks of sluggish price action, $ADA is finally showing signs of strength against $BNB. The 4H chart just gave us a solid breakout above the MA(25) and MA(99), currently trading at 0.001049âup +4.27% in the last 24 hours.
Key points:
đ Local bottom formed at 0.000974 on Aug 21, followed by a strong bullish engulfing candle.
đĄ MA(7) and MA(25) are curling up, suggesting a shift in short-term trend.
đ Volume spike on the last green candle signals fresh buying interest.
đ§ Market is still cautiousâthis could be smart money positioning early.
Resistance ahead around 0.001054, with a clean breakout opening potential toward 0.00111â0.00114. A healthy retrace and support at 0.00102 would keep the structure bullish.
Not financial advice, but this setup deserves attention if the momentum sustains. Watch for confluence with BTC & overall market sentiment.