From the 4-hour and 1-hour charts, ADA's recent trend shows the following characteristics:

  1. Trend judgment:

    • In the past two days, the price has broken through the short-term moving averages MA(7) and MA(30), showing some rebound momentum.

    • The current price is running around 1.0974 and has stabilized above MA(30) on the 1-hour chart (short-term support at 1.0810), with the overall short-term bullish sentiment prevailing.

  2. Resistance and support levels:

    • Resistance level: 1.1200 (historical pressure area above).

    • Support level: 1.0810 (near short-term moving average).

    • Strong support level: 1.0500 (low-level platform support area).

  3. Trading volume observation:

    • Recent trading volume shows signs of expansion, indicating some market interest in ADA, but there are currently no significant volume breakout signals, suggesting a phase of consolidation or an attempt to break through.

  4. Momentum indicators:

    • RSI is close to 60, indicating strong momentum but not in the overbought zone.

    • The MACD red bars have slightly shortened, suggesting that short-term bullish momentum may weaken, and caution is needed for potential pullbacks.

Operational suggestions

Based on the current chart and market sentiment, it is recommended to focus on short-term strategies. Here is the specific operational plan:

  1. Opening position: It is recommended to open long positions in the range of 1.0800~1.0850, focusing on a low-buy strategy.

  2. First take profit level: 1.1200 (short-term resistance above).

  3. Second take profit level: 1.1500 (next high resistance, exercise caution when chasing higher).

  4. Stop loss level: 1.0500 (to prevent a significant pullback).

Today's predicted direction

Based on chart analysis, ADA's overall direction today is expected to mainly trend upwards with fluctuations. In the short term, it may fluctuate around the 1.0850-1.1200 range; if it can effectively break through 1.1200, the upside potential will further open up.

Summary and suggestions

  1. Current market sentiment is relatively positive, but considering the large cumulative increase in the prior period, caution should be taken regarding the risk of chasing prices and controlling positions.

  2. If the price pulls back to the support area (1.0800), consider positioning long; if it directly breaks through 1.1200, wait for a retest confirmation before entering.

  3. Pay attention to dynamically adjust the stop loss level to protect profits.

Finally, remember to follow Uncle Zhao for more real-time analysis and strategy suggestions in the crypto space!#ADA! #ADA热度上升 #SUI创新高 #比特币哈希率创新高 #BIO开盘