🔘ADA Price Prediction: A Move to $0.42 Still Possible✔️On the daily chart, ADA price has broken through the critical support at $0.31 and the descending trendline, indicating strong bullish momentum.
✔️In addition, the token is trading above the exponential moving averages (EMA) 20 (blue) and 50 (yellow).
✔️Given 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.
✔️However, market participants should beware of the consequences of the appearance of a “death cross” on the chart.
✔️A “death cross” 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.
CRYPTO INSIDER 👉🏻 SUBSCRIBE