#ADA#

🚀ADA has recently climbed directly to the 20-day moving average (0.78 USD), indicating that there are people frantically buying the dip near the 50-day moving average (0.70 USD).

🐂 Bullish Script

As long as the price stays above the 20-day moving average, ADA has a chance to first touch $0.86, and then challenge $0.94.
The bears are likely to defend at $0.94, but if the bulls break through, it may directly rise to $1.17.

🐻 Bear Market Script

If ADA falls below the 20-day moving average, it indicates insufficient demand above, and the market may oscillate between the 20-day and 50-day moving averages for a while, making it a bit uncomfortable for both bulls and bears in the short term.

📌 Key Points for Trading

Bulls must defend the level: $0.78

Shorts must hold the position: $0.94

Target on the rise: $1.17