<strong>Technical Points:</strong>
<ul>
 	<li>ADA technical analysis shows slight bullish movement.</li>
 	<li>ADA/USD is currently trading at $0.4576.</li>
 	<li>ADA/USD found resistance at $0.525.</li>
</ul>
<h2>Past Performance of ADA</h2>
<a href="https://www.cryptoknowmics.com/news/ada-technical-analysis-rounding-reversal-rally-ready-to-reach-0-75/">ADA</a> technical analysis shows that the digital asset has been slightly uptrend over the past few days. The ADA/USD pair is currently trading at $0.4576, slightly below its all-time high of $0.525.ADA found resistance at $0.525, it still trades within an ascending channel. The immediate support for ADA is $0.436.If the digital asset can hold above this level, it will likely resume its uptrend. On the other hand, if ADA breaks below this support, it will likely enter a bearish short-term trend.

On the downside, ADA found support at $0.436, just below its 50-day moving average of $0.438. ADA/USD pair is currently in a bullish trend and is expected to continue its upward movement in the short term.
<p class="quill-block ql-align-justify"><strong><img class="alignnone wp-image-242328 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/07/ADAUSD_2022-07-08_11-10-15.png" alt="ADA technical analysis" width="1389" height="821" /></strong></p>
<p class="quill-block"><strong>Source-</strong><a href="https://www.tradingview.com/x/niI5pSCA/" target="_blank" rel="noopener">Tradingview</a></p>

<h2>ADA Technical Analysis</h2>
<p id="7fbed208-52cb-443a-a7e5-b6e0bc1bb633" class="quill-block">The 50 SMA and 200 SMA technical indicators on the ADA/USD daily chart give off bullish signals. The MACD indicator is also positive, indicating that the digital asset is in a bullish trend. On the other hand, the RSI indicator is currently near the overbought zone, which indicates that the digital asset may be due for a correction in the short term.</p>

<h2>Upcoming Trend</h2>
<p id="7fbed208-52cb-443a-a7e5-b6e0bc1bb633" class="quill-block">If ADA breaks above the $0.525 resistance level, it will likely continue its upward movement and test the $0.55 resistance level. On the downside, if ADA breaks below the $0.436 support level, it will likely fall towards the $0.40 support level.</p>

ADA Technical Analysis: ADA Set to Break the $0.525 Resistance

ADA technical analysis shows slight bullish movement.ADA/USD is currently trading at $0.4576.ADA/USD found resistance at $0.525.

Moses is a FinTech enthusiast with a good flair for understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.

ADA Technical Analysis: ADA Set to Break the $0.525 Resistance

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