Altcoin Update: ADA Analysis With the SEC on a rampage this | MYC Signals

Altcoin Update: ADA Analysis

With the SEC on a rampage this week, ADA has been one of the hardest hit – losing a little over 22.5% this week. ADA broke its 2-month support yesterday, and from the look of things, the bottom is still far.

In the short term, the rising sell volumes support an extended bear trend which could bottom out around this year’s lows. But if the bearish momentum continues to weaken, long interests above 0.3 could temporarily push ADA toward its 200-day MA.

These are our key levels

R1 0.305
R2 0.325
R3 0.343

S1 0.28
S2 0.26
S3 0.244

https://www.tradingview.com/x/H6TIx1Py/