Posted 11/24/2023, 9:15:00 AM
ADA Price Faces Decisive Move as Traders Split on Breakout Potential Above $0.40
- ADA price has consolidated above the $0.35 support level since early November after previous increases
- Traders have mixed opinions on whether ADA will break out above the $0.40 resistance level
- Weekly RSI and a price fractal suggest upside potential for ADA with a move into double digits
- Daily chart shows bullish divergence and increased momentum, predicting a 15% move up to $0.45 resistance
- A close below $0.35 support would risk the upward move, with a 25% drop to $0.30 support possible