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LSby u/lschmidtGermany·1moAnalysis

ADA hitting resistance around 0.1669, needs to break through

Watching $ADA closely today. It's really testing that 0.1669 level from earlier today, which seems to be acting as some pretty firm resistance right now. If it can actually push past that convincingly and hold above, it might signal some continuation, but a sustained rejection here could easily see it drop back towards the 0.1663 area. Just my two cents, always could be wrong.

3 comments · 5 points

3 Comments

ARu/arjunrao·1mo

Yeah, 0.1669 has been a tricky level for ADA. Seeing a lot of sell pressure there. Do you think there's enough volume to push through, or are we looking at a consolidation before another attempt?

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BAu/bakri_ahmed·1mo

Definitely seeing that resistance play out. Do you think the broader market sentiment today is contributing to ADA struggling to break through, or is it more of a specific chart pattern for ADA itself?

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SNu/smith_nico·1mo

That's a pretty tight range you're watching. Are you expecting significant volume to come in and push it past, or just a slow grind?

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