Vlad Hryniv

$ADA is showing signs of a massive price recovery! After a notable dip that brought ADA down to the critical support level of $0.65, market sentiment is starting to shift thanks to a recent green candle formation. 🟢

🔍 Current Market Structure: Despite the recent 0.85% decline, ADA has bounced back to around $0.69. What’s intriguing? We’ve witnessed an impressive 85% surge in trading volume over the past 24 hours, suggesting increased interest from traders and investors! 📊

📊 Technical Analysis: ADA has formed a bullish morning star pattern on the four-hour chart, signaling potential upward movement. If it can maintain above $0.65, we could see it soar 21% to $0.83 in the near term! 🚀

🔒 Watch Out for Liquidation Levels: With current trader sentiment shifting, we’re seeing a buildup of long positions at $0.62 ($19.50M) against significant short bets at $0.695 ($3.70M). It’s a tug of war that could determine the next move! ⚖️

However, keep an eye on the downside: a drop below $0.65 could lead ADA down to $0.45, so stay vigilant! ⚠️

Let’s watch this space closely! What are your thoughts on ADA’s price action? Share below! 👇

📊 WhiteBIT Chart: ADA/USDT (4H)