ADAUSDT → Change of character, are the bulls coming back? ↑ 0.77

2 ก.ค.

ADAUSDT forms a change of market character, and also breaks the resistance of the wedge. Regarding the reversal zone on W1 a false breakout is formed. The coin may move into the realization phase.



The token is lagging behind the overall capitalization and market movement, still in the consolidation phase, the boundaries of which are 0.2392 (0.4) - 0.777. In the distribution phase, ADA has chances to recover. At the moment we should consider trading inside the range and after confirmation of the formation of an intermediate bottom above 0.4 (consolidation above this zone) the market will define a new range for itself. 0.4 - 0.77. The potential in this case will be the corridor with the width of 93%.
Technically, if the bulls hold the price above 0.4, it will be a good signal for the price distribution to 0.52, further to 0.678.

Support levels: 3775, 0.400
Resistance levels: 0.42, 0.522

The bearish wedge is a strong technical pattern, capable of turning the market, but in order to start the realization, the bulls need to take the defense above the key zone, in our case it is 0.400.

With Respect R. Linda!