Overview
- ADA broke below an ascending channel on Dec. 16 and hovered around $0.38–$0.39, turning former trend support into near‑term resistance.
- A weekly TD Sequential buy signal remains in play, with analysts stressing that the setup is invalidated on a decisive loss of $0.37.
- Short‑ and medium‑term moving averages cap price, MACD is negative, and RSI is subdued, pointing to weak momentum and corrective bounces.
- Derivatives positioning has thinned, with open interest down about 11% to roughly $713.5 million and tracked markets showing shorts outweighing longs.
- Analysts map a conditional path higher only on reclaiming resistance and breaking the falling channel, with potential targets near $0.50–$0.54 and, if momentum builds, $0.60–$0.68.