ADAUSD Price Analysis – June 25
The market has found the right volatility for the upward momentum on the pair and stringing together for four straight bullish days. The bulls will want to ride this momentum and enter the level at $0.1000 zone.
Supply Level: $0.060071, $0.77482, $0.85385
Demand Level: $0.110000, $0.101230, $0.97297
ADAUSD Long term Trend: Bullish
The relative strength index (RSI) indicator is trending around the upper level at 60. And the pair has had two straight bullish sessions while the moving average crossing to the upper zone has displayed this position on the daily chart.
The market is trending comfortably above the moving average and the price has gone up from the level at $0.085385 to $ 0.097297 over these five days. The trend is bullish and showing an intact uptrend in the long term.
ADAUSD Short term Trend: Bullish
Things look slightly different on the 4-hour chart, where markets trading range of the last week has been above the daily market average trading range. Price is trading across the key technical supply zone on the level at $0.094701.
The inability to break through key technical demand level at $0.97297, the cryptocurrency may close below it after spiking up to the level at $0.101230 earlier during the prior session. Buying could speed up should price move above the nearby swing high on the level at $0.1022 where further buy stops might get triggered, the pair’s bias remains bullish.
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