#ADAUSDT is At an CRITICAL Point!
🔸Since July 8, the crypto market has seen significant change in sentiment among traders, the Fear & Greed Index went from "Extreme Fear" to "Greed" in a matter of days resulting in the overall price increase in the top Cryptocurrencies.
🔹Bitcoin price increased by 15% leading to the entire crypto market to follow up including ADAUSDT. the pair even outperformed Bitcoin in the same timeframe rising by 30% from $0.3343 to $0.4490.
🔸Buyers successfully used the $0.3554 - $0.3402 support to push the price above the 50 MA ($0.4119) and the support at same price level, putting the price at an important level for further growth.
🔹With further optimism among crypto traders partly attributed to the potential election victory of the former president and his crypto-friendly running mate JD Vance. We can expect the price rise further reaching $0.4609, $0.4888 and the next major resistance, the 20 MA ($0.5193), if the 200 MA cracked the next target for buyers are $0.5834, $0.660 and $0.8040.
🔸Alternatively, if traders sentiment changed to a more negative approach just like how fast it changed to a positive one, it's possible for the price to retreat back to the previous support at $0.3550 where the next major support levels after below that would be $0.2576 and $0.1830.
Zanzibar Trading
🔹Bitcoin price increased by 15% leading to the entire crypto market to follow up including ADAUSDT. the pair even outperformed Bitcoin in the same timeframe rising by 30% from $0.3343 to $0.4490.
🔸Buyers successfully used the $0.3554 - $0.3402 support to push the price above the 50 MA ($0.4119) and the support at same price level, putting the price at an important level for further growth.
🔹With further optimism among crypto traders partly attributed to the potential election victory of the former president and his crypto-friendly running mate JD Vance. We can expect the price rise further reaching $0.4609, $0.4888 and the next major resistance, the 20 MA ($0.5193), if the 200 MA cracked the next target for buyers are $0.5834, $0.660 and $0.8040.
🔸Alternatively, if traders sentiment changed to a more negative approach just like how fast it changed to a positive one, it's possible for the price to retreat back to the previous support at $0.3550 where the next major support levels after below that would be $0.2576 and $0.1830.
Zanzibar Trading
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