Key Support levels: $1.2, $1
Key Resistance level: $1.3, $1.5
After a significant drop earlier in December, ADA’s downtrend has stopped on the $1.2 support level which has held well so far. Now, the price attempts to break the resistance at $1.3. If the bulls hope to reverse the current downtrend, then a break above this key resistance is essential.
Chart by TradingView
Technical Indicators
Trading Volume: Volume has been low lately. This gives the bulls a good chance to reverse the downtrend, particularly if the bears lose interest in pushing ADA lower.
RSI: The daily RSI has made a bullish divergence. This is a good sign as it shows that sellers might be getting exhausted.
MACD: The MACD on the daily timeframe is a day away from a bullish crossover. If the bulls can push prices above $1.3 then the MACD will most likely flip to the positive side.
Chart by TradingView
Bias
The current bias is neutral. A break above $1.3 can change the bias to bullish, particularly if buyers maintain
We współpracy z: https://cryptopotato.com/cardano-price-analysis-ada-finds-support-at-1-2-attempts-a-reversal/
