ADA

ADA AI Trading (Time: 2025/06/18 02:01 UTC) decision background is summarized.

Technical Analysis

The recent 300-day price data of ADA shows a clear trend. Over the past 300 days, ADA has moved around several key support and resistance levels, maintaining a stable price. The current closing price is 857, which is close to the recent support level of 850. As seen in the medium-term chart (weekly), the RSI (Relative Strength Index) has surpassed 60, indicating that it is entering the overbought zone. Additionally, the MACD (Moving Average Convergence Divergence) shows a positive crossover, suggesting upward momentum. The recent upward trend on the candlestick chart is confirmed by bullish candles like the Hikin Ashi, indicating a strengthening of buying pressure. On the other hand, the divergence of MACD and RSI on the short-term chart (daily) may signal a short-term correction. All these factors indicate a buying opportunity in the medium to long term, but a correction may occur in the short term.

External Factors Analysis

The current bullish trend in ADA prices is attributed to various external factors. Many investors are paying attention to the innovation of blockchain technology and the development of DeFi (Decentralized Finance). Recently, several investors have published positive articles about the ADA blockchain project, which clearly acts as a favorable factor. Additionally, the overall rise in the cryptocurrency market, along with the global economic recovery, is positively impacting ADA. At the same time, ADA’s staking feature offers high interest rates, encouraging more users to hold ADA. It is important to note that changes in economic policies could act as variables, which may induce volatility in the short term.