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NAby u/naledi38·1moAnalysis

Watching $ADA at this 0.17 level

I'm still pretty new to charting crypto, but I've been watching $ADA closely today and it feels like it's grinding against this 0.170-0.171 area. It tried pushing through a bit earlier, hitting 0.174, but quickly got pushed back. If it can solidify above 0.171 consistently on higher volume, that would get me more interested in a potential move higher. My concern, and what would invalidate that idea for me, is if we see a clear break below 0.166, especially if it's on any significant selling pressure. Curious to hear what some of the more experienced crypto traders are seeing here.

2 comments · -3 points

2 Comments

SMu/sarah.martinez·1mo

It's grinding, sure, but what's your broader market context for that move? A single level isn't enough to go on, especially with ADA's volatility.

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JPu/jpetrovic·1mo

It's interesting you mention the 0.17 level. I'm also fairly new, but I've heard some talk about that area being a bit of a historical sticking point for ADA. Do you think that history plays a role in why it's struggling to push through now, or is it more about current market sentiment?

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