Overall, the daily and 4-hour charts exhibit a bearish tone for ADA/USDT in the short term. The price needs to overcome immediate and strong supply zones to continue higher or else it is vulnerable to further downside.
For a more in-depth technical analysis across different timeframes, please click the link to view the identified levels of support and resistance, trends, and reversal patterns on the weekly, daily, 4-hour and 1-hour charts.
Daily Timeframe
- ADA/USDT is currently trading within a supply zone between 0.6370-0.5902. Price recently tested the upper limit of this zone.
- Strong resistance lies at 0.5507-0.5382 and 0.6791-0.6665. Price will face selling pressure in these zones.
- The 50-day SMA provides dynamic support near 0.5512.
- Fibonacci retracement levels of 0.5307, 0.5711 and 0.5998 may act as support if price declines.
Support and Resistance Levels
S/R Type | High | Low |
Resistance Zone #1 | 0.5507 | 0.5382 |
Resistance Zone #2 | 0.6791 | 0.6665 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.6370 | 0.5902 |
Fibonacci Retracement Levels
0.382 | 0.5307 |
0.50 | 0.5512 |
0.618 | 0.5711 |
0.786 | 0.5998 |
0.882 | 0.6169 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bullish FVG #1 | 0.6370 | 0.5902 |
4 Hour Timeframe
- ADA/USDT is currently witnessing selling pressure around 0.5435-0.5429 supply zone.
- Immediate resistance lies at 0.5601-0.5435 and 0.6840.
- Support is expected at 0.5079 and 0.5218 based on Fibonacci retracement levels.
- Another supply zone lies between 0.5791-0.5672 which may act as resistance.
Support and Resistance Levels
S/R Type | High | Low |
Resistance Zone #1 | 0.5601 | 0.5435 |
Resistance Zone #2 | 0.6840 | 0.6840 |
Fibonacci Retracement Levels
0.382 | 0.5079 |
0.50 | 0.5218 |
0.618 | 0.5357 |
0.786 | 0.5538 |
0.882 | 0.5656 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.5429 | 0.5326 |
Supply Zone #2 | 0.5791 | 0.5672 |
1 Hour Timeframe
- Price is finding immediate resistance at 0.5196-0.5097 supply zone.
- Fibonacci retracement support levels are 0.4895, 0.4972, 0.5049 and 0.5159.
- A bearish fair value gap exists from 0.5083-0.5001 which adds to the downside pressure.
Fibonacci Retracement Levels
0.382 | 0.4895 |
0.50 | 0.4972 |
0.618 | 0.5049 |
0.786 | 0.5159 |
0.882 | 0.5223 |
Supply Zone
Zone Number | High | Low |
Supply Zone #1 | 0.5196 | 0.5097 |
Fair Value Gaps / Imbalances
Gap Number | High | Low |
Bearish FVG #1 | 0.5083 | 0.5001 |