ADA broke below the 200 SMA yesterday, selling off from $0.83 into $0.78 before forming a strong reversal pattern. It's now pushing back toward $0.81 resistance, but volume and RSI are showing signs of slowing. A reclaim of $0.8100 could trigger another leg toward $0.8170+. Until then, it’s a fading rally inside a bear structure.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.