ADA price moved sharply towards the key resistance once it broke the key level.
Key Support Levels: $0.55, $0.50
Key Resistance Levels: $0.64, $0.75
After consolidating above the key $0.55 support level for a few days, ADA eventually headed towards resistance at $0.64. The price touched this level before sellers acted and pushed the cryptocurrency into a pullback. Attempting another push in the near term is not out of the picture for the bulls.
technical indicators
trading volume: Volume exploded in parallel with the price, and if this momentum continues, ADA could break the key resistance.
RSI: The daily RSI is back above the 50 mark, and if it can make higher highs, the chances of further rise become higher.
MACD: The daily MACD continues to move bullish, and this latest push has turned the histogram back to the upside.
Partiality
The bias for ADA is sharp. For this bias to be properly verified, ADA needs to break above $0.64 and maintain that level.
short term prediction for ADA price
It looks like the ADA bulls might try another test of the crucial resistance at $0.64. If successful, there will be open positions for the price to move higher and move towards $0.75.
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Cryptocurrency charts by TradingView.