Checking the charts, I spotted $ADA . It’s bounced for a few days, but still can’t reach the MA7 😂
The current price is around 0.190, up about 1% over 24 hours. It touched a high near 0.193 and dipped as low as 0.185. It doesn’t look too bad at first glance, but zooming out to the past 7 days, it’s down about 7.8%. The daily MA7 is around 0.194 and the MA20 around 0.208, with the price staying below both moving averages.
Looking back at that big red candle on 10/29, the price plunged straight from around 0.206 to 0.190, hitting an intraday low of 0.187. It bounced back to 0.195 over the following few days but couldn’t hold there. For the past few days, it’s been hovering between 0.185 and 0.193. On the 4-hour chart, it had just started to turn up and touch the 0.193 area before pulling back. Perpetual futures saw about 81 million U in trading volume over 24 hours, with open interest of around 344 million coins, worth roughly 65 million U at the current price.
For resistance, I’m watching the moving averages at 0.194 and 0.208. Support is at 0.185 and the two-week low of 0.182. I’m bearish in the short term; until the price gets back above the moving averages, I’d treat any rebound as a chance to sell.
Beginners should watch more and trade less. If you’re buying crypto, stick to $BTC
The current price is around 0.190, up about 1% over 24 hours. It touched a high near 0.193 and dipped as low as 0.185. It doesn’t look too bad at first glance, but zooming out to the past 7 days, it’s down about 7.8%. The daily MA7 is around 0.194 and the MA20 around 0.208, with the price staying below both moving averages.
Looking back at that big red candle on 10/29, the price plunged straight from around 0.206 to 0.190, hitting an intraday low of 0.187. It bounced back to 0.195 over the following few days but couldn’t hold there. For the past few days, it’s been hovering between 0.185 and 0.193. On the 4-hour chart, it had just started to turn up and touch the 0.193 area before pulling back. Perpetual futures saw about 81 million U in trading volume over 24 hours, with open interest of around 344 million coins, worth roughly 65 million U at the current price.
For resistance, I’m watching the moving averages at 0.194 and 0.208. Support is at 0.185 and the two-week low of 0.182. I’m bearish in the short term; until the price gets back above the moving averages, I’d treat any rebound as a chance to sell.
Beginners should watch more and trade less. If you’re buying crypto, stick to $BTC
