ADAUSD Price Analysis: Confirmed Downtrend Below Trend-Channel And EMAs
ADAUSD has confirmed the downtrend below the important trend-channel that was trading between 0.0726 and 0.089. The whole channel trading operation looks like a top formed and now the downtrend comes into play.
ADAUSD Price Analysis: 4 Hr Chart
ADAUSD has found immediate support at the support line which formed in the trend before. When this trend is broken we will see bearish pressure after this happened.
The MACD confirmed still bearish below the important orange line and this means there is not much bullishness within there. ADAUSD is now trading below the major channel and above the uptrend-line this can indicate a sideways movement
to confirm the resistance before finding its way back to the downside.
After the trend-line confirmed to the downside there is the support which can be respected between the 0.0692 and 0.072 level, when ADAUSD approaches this level it can show a bounce up, it will be interesting how its playing out.
- TREND: Sideways
- FORMATION: Between lines
- EXPECTATIONE: Breakdown of uptrend-line
- TREND AFTER EXPECTATION: Downsiee
- PREV: 0.075099
- OPEN: 0.075272
- VOLUME: 8.65M
- DAY’S RANGE: 0.074811 — 0.080502
- LBank Signs Sponsorship Deal with Argentine National Team, Launches $100M Bonus
- ASTER Leads Perp DEX Volumes Despite $4.8M Wintermute Transfers
- USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
