$ 109,010.2
BTC
-0.46 %
$ 2,558.11
ETH
-1.63 %
$ 0.5871
ADA
-3.02 %
$ 659.04
BNB
-0.36 %
$ 152.59
SOL
-1.88 %

William Surberg
Jul 11, 2022

ADA Technical Analysis: ADA Set to Break Lower Lows Overnight

ADA technical analysis

Technical Points:

  • ADA technical analysis shows bearish trends.
  • ADA/USD is currently trading at $0.446.
  • ADA/USD found resistance at $0.525.
  • Past Performance of ADA

    ADA technical analysis is bearish in the short-term, with the cryptocurrency trading below its key 200-period moving average on the four-hour time frame. The ADA/USD pair has also formed a bearish head and shoulders pattern, with a downside target of $0.446.

    On the downside, ADA/USD has initial support at $0.446, followed by the $0.415 level. Below this, further support is located at the $0.400 and $0.382 levels. On the upside, resistance is at the $0.479 and $0.525 levels. Above this, further resistance is located at the $0.545 and $0.565 levels. On the upside, ADA/USD has initial resistance at the $0.479 and $0.525 levels. Above this, further resistance is located at the $0.545 and $0.565 levels.

    ADA Technical Analysis

    The Bollinger bands are wide on the four-hour chart, which suggests that ADA/USD is currently in a period of high volatility. The 200-period moving average is flatlining, which suggests that the long-term trend is bearish.

    However, the Relative Strength Index (RSI) is bullish as it trades in overbought territory. The MACD indicator is also bullish but is bearish on the four-hour time frame. A move below the $0.446 level could see ADA/USD retrace towards its recent lows at $0.423.

    Upcoming Trend

    If the ADA/USD pair falls below the $0.446 level, it will likely retrace towards its recent lows at $0.423. Below this level, further support is located at the $0.400 and $0.382 levels.

    ADA Technical Analysis: ADA Set to Break Lower Lows Overnight
    Sergio is a cryptocurrency journalist based in the United States. He describes himself as late to the game, entering the cryptosphere when the price rise happened in December 2017. Having a computer engineering background, living in the United states, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

    Top Picks