ADA price finds strong resistance near the $1.20 level as the price failed to move beyond the level for the past three-four sessions.
ADA price edges lower with significant losses on Thursday.
The bulls failed to move above $1.20 indicating the lack of conviction among buyers.
The RSI shows a negative divergence on the daily chart
ADA price consolidates
ADA price continues to trade sideways near the higher levels with minimal losses. The support-turned-resistance $1.15 remains a critical level to trade. Increased selling pressure could result in a pullback in the price in the short term at least.
If the price breaks below $1.15 on a daily closing basis then it could test the psychological $1.0 level. This would be a major setback for the bulls.
An extended sell off-could further exploit the lows of March 23 at $0.95.
On the flip side, a shift in the bullish sentiment and if the price is able to sustain the session’s lower level would make bulls hopeful. On moving higher, the first
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