🔴 $ADA · 4H
Price is $0.2121 and $ADA remains below the averages that capped it earlier. The $0.2096 area held twice over the last two weeks and is being tested again. Price is down in the lower third of that range. The floor is 1.2% away and the ceiling is nowhere close. The 20 has stayed below the 50 for a long stretch now. RSI at 34 is neutral, so momentum is not blocking a move either way. Over the past day it has traded between $0.2096 and $0.2269, sitting near the bottom of it now. Participation is light at about 0.4x average volume. Down 5.8% over 24 hours.
DYOR
$ADA #TechnicalAnalysis
Price is $0.2121 and $ADA remains below the averages that capped it earlier. The $0.2096 area held twice over the last two weeks and is being tested again. Price is down in the lower third of that range. The floor is 1.2% away and the ceiling is nowhere close. The 20 has stayed below the 50 for a long stretch now. RSI at 34 is neutral, so momentum is not blocking a move either way. Over the past day it has traded between $0.2096 and $0.2269, sitting near the bottom of it now. Participation is light at about 0.4x average volume. Down 5.8% over 24 hours.
DYOR
$ADA #TechnicalAnalysis
