The chart is showing a bullish trend since ADA found support at $0.55. If buyers hold on, ADA is likely to move above key resistance.
Key Support Levels: $0.50, $0.55
Key Resistance Levels: $0.64, $0.75
ADA has been a consistent winner over the past few days, despite a turbulent market showing conflicting signals. The price is now just trading under the key $0.64 resistance. If this momentum continues, buyers could take the cryptocurrency higher and further. Key support is found at $0.55, and it has held up very well to date.
technical indicators
trading volume: Buying volume is holding up very well and took ADA below key resistance.
RSI: Daily RSI is also bullish and moving towards 60 points. This keeps the RSI on the bullish side.
MACD: The daily MACD is bullish, and the histogram is again making higher highs. This is a big change of pace since prices consolidated earlier this week.
Partiality
The bias for ADA is currently bullish, and a break above the key resistance would confirm it.
short term prediction for ADA price
As long as buying volume remains stable, ADA is likely to break above $0.64. If successful, it has a clear path towards the next $0.75.