ADA Update

2022년 2월 19일

Analysis done on daily candles. ADA is nearing all time lows as the market correction continues to sweep many alt-coins into "no man's land". ADA's upcoming support at .92 is critical to its health since its at all time lows. Many traders use these critical supports for stop loss purposes so if it was to break we may see strong selling come in. In terms of the upside, ADA has some work to do and will likely need a catalyst to move it higher, or it may move if market buying momentum picks up again. The coin will need to move its way to the 1.26 resistance and successfully breakout of it for it to be considered in a "bullish reversal range".