#ADA

🚀 On July 21, ADA strongly broke through the key resistance level of $0.86, igniting bullish sentiment in the market. However, just as it reached new heights, bears quickly counterattacked, leading to selling pressure at high levels.

The current question is: Can the bulls hold onto their gains?

🐻 Bearish pressure: $0.86 becomes the "lifeline" for bulls

Currently, short sellers are making every effort to push the ADA price back below $0.86. If this defense line is broken, the short-term advantage of the bulls will be reversed, and the price may pull back to the 20-day moving average ($0.76).

This is a key support that bulls must hold. Once it falls below $0.76, the pullback may further expand to the 50-day moving average ($0.65), at which point market sentiment is likely to take a sharp turn for the worse.

🐂 Bull Breakout: Targeting $1.17!

But if ADA gains support at the 20-day moving average and rebounds strongly, that would be a signal for bulls to regroup.

As long as the price can break through the resistance of $0.94, the subsequent upside potential will open up rapidly, with the first target looking towards $1.02, and it may then challenge the year's new high of $1.17!