On the daily chart, ADA’s Elder-Ray Index continues to signal bearish momentum. The indicator has been printing red bars since June 12, confirming sustained seller dominance. The Elder-Ray is negative at the time of writing, showing no signs of immediate relief.
If sellers maintain this pressure, ADA risks sliding toward the $0.51 support zone.
However, should market sentiment improve, a bullish reversal could be in play. A push above $0.59 resistance would open the door for a potential rally toward $0.64.
If sellers maintain this pressure, ADA risks sliding toward the $0.51 support zone.
However, should market sentiment improve, a bullish reversal could be in play. A push above $0.59 resistance would open the door for a potential rally toward $0.64.
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Full story here beincrypto.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.