**ADA/USDT – 1-Hour Chart Analysis**
The price is currently testing a key resistance zone around **0.7300 - 0.7760**, aligning with both the descending trendline and the **200 EMA (orange line)**. A rising wedge formation has emerged, indicating a potential reversal or continuation of the downtrend.
If the price fails to break above this resistance, a rejection could lead to a pullback towards the **0.6550 - 0.6340** range. However, a breakout above this level may invalidate the bearish setup and signal further upside potential.
Monitoring price action around this resistance zone is crucial for assessing the next trend direction.
The price is currently testing a key resistance zone around **0.7300 - 0.7760**, aligning with both the descending trendline and the **200 EMA (orange line)**. A rising wedge formation has emerged, indicating a potential reversal or continuation of the downtrend.
If the price fails to break above this resistance, a rejection could lead to a pullback towards the **0.6550 - 0.6340** range. However, a breakout above this level may invalidate the bearish setup and signal further upside potential.
Monitoring price action around this resistance zone is crucial for assessing the next trend direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.