πADA Price Prediction: A Move to $0.42 Still PossibleβοΈOn the daily chart, ADA price has broken through the critical support at $0.31 and the descending trendline, indicating strong bullish momentum.
βοΈIn addition, the token is trading above the exponential moving averages (EMA) 20 (blue) and 50 (yellow).
βοΈGiven these conditions, ADA is in a bullish phase. If the trend continues, the cryptocurrency may break the psychological resistance at $0.40 and target $0.42.
βοΈHowever, market participants should beware of the consequences of the appearance of a βdeath crossβ on the chart.
βοΈA βdeath crossβ is formed when the longer EMA crosses below the shorter one, signaling a bearish trend.
If buying interest fades and the bears regain the upper hand, ADA price may decline to $0.37.
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