$ADA $0.2505, just watch the range 👀: PANews was still saying the selling pressure hasn’t cleared by the early hours, and when I look at the chart, bulls and bears are wrestling right on the $0.25 line
24h +2.8%, high $0.2569 low $0.2414. CoinGecko trending coin. Push up to $0.257 got knocked back; pull back to $0.2414 was met and absorbed. Neither side is willing to give.
In an analysis from PANews early this morning, it mentioned that ADA has dropped 10% over the past week, and that there’s buy orders waiting around $0.24—I'll believe half of it, because every time price reaches $0.24, it really does get picked up. But MA7 at $0.246 is still sitting below MA25 at $0.248, and the rebound didn’t come with volume. This one looks like a range trade to me—I've taken both slap-backs from both sides. I’ll just wait in the range.
The script: if it builds volume and holds above R1 $0.2581, then watch R2 $0.2654; if it breaks down through S1 $0.2389, then S2 $0.2301 is below—if it breaks, I won’t catch. That choppy $0.25 middle part? I’ll stay in cash and drink water.
From $0.24 to $0.25—are you taking high-sell low-buy swings, or just holding still? Talk in the comments.
$ADA #艾达币 #market analysis
24h +2.8%, high $0.2569 low $0.2414. CoinGecko trending coin. Push up to $0.257 got knocked back; pull back to $0.2414 was met and absorbed. Neither side is willing to give.
In an analysis from PANews early this morning, it mentioned that ADA has dropped 10% over the past week, and that there’s buy orders waiting around $0.24—I'll believe half of it, because every time price reaches $0.24, it really does get picked up. But MA7 at $0.246 is still sitting below MA25 at $0.248, and the rebound didn’t come with volume. This one looks like a range trade to me—I've taken both slap-backs from both sides. I’ll just wait in the range.
The script: if it builds volume and holds above R1 $0.2581, then watch R2 $0.2654; if it breaks down through S1 $0.2389, then S2 $0.2301 is below—if it breaks, I won’t catch. That choppy $0.25 middle part? I’ll stay in cash and drink water.
From $0.24 to $0.25—are you taking high-sell low-buy swings, or just holding still? Talk in the comments.
$ADA #艾达币 #market analysis