ADA has continued to trade calmly on the daily chart following serious drops in volatility. The trend is still much in favour of the bears, but things might change if the bulls reiterate the sudden early month surge. Since the price dumped to a low of $0.65 last week, ADA has remained relatively calm due to a lack of interest from both the buyers and sellers. Up until now, the crypto is struggling with volatility as the next major price movement remains unknown on the daily chart. The thug of war would determine the next phase if either the bulls or the bears win. However, following the recent market pattern, the sellers are much more likely to have the upper hand as the trend still maintains a lower low and lower high pattern on the daily chart. Though the bears must reclaim the previous monthly low before we can validate an extension. Should the bulls win this battle to reiterate their recent attempt, they must reclaim the monthly high to consider a positive move capable of shifting the trend to the upside. Currently, things still look dicey. While ADA’s landscape is yet to shift, its resistance and support levels have remained intact on a daily as volatility continues to shrink with choppy price actions. A big shockwave is lurking around the corner. ADA’s Key Levels to Watch Source: Tradingview Amid the ongoing calmness, ADA’s closest target for selling is located at the $0.65 and $0.58 support levels. February’s $0.5 low is the next level to consider for a drop with a potential collapse to $0.34. If the bulls reiterate the early month surge, the $0.83 and $0.988 levels may serve as barriers before reclaiming the $1.17 resistance, where a shift could take place. Key Resistance Levels: $0.83, $0.988, $1.17 Key Support Levels: $0.65, $0.58, $0.5 Price: $0.714 Trend: Bearish Volatility: Moderate Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
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