ADA has been hovering around 0.39 USDT recently, with the 24-hour chart showing a mostly sideways movement.
Looking at the chart, the consolidation range is indeed very narrow, with neither bulls nor bears exerting much effort. The price has been repeatedly testing the medium- and short-term resistance zone but has not made any clear breakout moves. In this state, it often indicates that a direction is being brewed.
The trading volume is quite interesting—it's clearly shrinking, indicating a lack of short-term momentum. On lower timeframes, the bulls seem somewhat powerless. The longer the price lingers below the resistance zone, the higher the probability of a decline.
If you are bearish on this market, you might consider the following: - Entry: in the 0.395-0.405 range - Stop-loss set at 0.420, with proper risk management - First target at 0.370 - Second target at 0.350
The core logic is that prolonged consolidation below the resistance level usually leads to a downward retest of support. This approach is still valid from a technical perspective. Of course, the specific trading strategy should also consider your own risk tolerance.
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AltcoinMarathoner
· 6h ago
honestly this ada sideway action is just mile 18 energy... everyone's waiting for the breakout but the accumulation phase vibes are real. low volume = low conviction, classic setup before things get spicy ngl
Reply0
GetRichLeek
· 13h ago
ADA's sideways movement is really quite frustrating. I'm currently betting on it dropping further, shorting at 0.395, but to be honest, I'm still feeling anxious.
Wait, after lingering below the technical resistance level for so long, are the bulls really that powerless? I feel like this is just accumulation...
Once again, I've been manipulated by the market makers. My trading is still too impulsive.
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BoredApeResistance
· 13h ago
Here we go again, when will ADA's dead-looking situation finally move?
With such sluggish trading volume, it feels like it's just waiting to break down.
Can that 0.37 level really be broken? It's a bit uncertain.
After such a long period of sideways movement, it's about time to choose a side. The waiting is uncomfortable.
In this kind of stagnant situation, be cautious when taking action, as it's easy to be caught by a rebound.
View OriginalReply0
GasFeeDodger
· 13h ago
Hesitating for a long time without moving, this rhythm is really incredible.
The bearish mindset is indeed clear; it all depends on when the volume will catch up.
The 0.37 level is the true touchstone.
View OriginalReply0
consensus_whisperer
· 13h ago
After so long, still not moving, it seems I have to move on
ADA's stance is indeed a bit awkward, the trading volume has bottomed out
Consolidating for so long? I bet it will break below
Holding tightly below the resistance level, feeling like a sharp drop is coming
This rhythm is so dull, the bears should start to gain momentum
View OriginalReply0
ArbitrageBot
· 13h ago
It's another slow crawl... that kind of "see through but don't say" situation.
The biggest risk in sideways trading is the lack of volume. This time, it really can't move.
Hearing you say that, the probability of going down is indeed higher.
But we have to wait for a breakout before acting. For now, let's just watch.
Trading volume has dried up; the bulls are truly exhausted.
Can you take a look at the 0.35 level? It seems to have some support.
This rhythm is so torturous. Just drop out of this range sooner rather than later.
ADA has been hovering around 0.39 USDT recently, with the 24-hour chart showing a mostly sideways movement.
Looking at the chart, the consolidation range is indeed very narrow, with neither bulls nor bears exerting much effort. The price has been repeatedly testing the medium- and short-term resistance zone but has not made any clear breakout moves. In this state, it often indicates that a direction is being brewed.
The trading volume is quite interesting—it's clearly shrinking, indicating a lack of short-term momentum. On lower timeframes, the bulls seem somewhat powerless. The longer the price lingers below the resistance zone, the higher the probability of a decline.
If you are bearish on this market, you might consider the following:
- Entry: in the 0.395-0.405 range
- Stop-loss set at 0.420, with proper risk management
- First target at 0.370
- Second target at 0.350
The core logic is that prolonged consolidation below the resistance level usually leads to a downward retest of support. This approach is still valid from a technical perspective. Of course, the specific trading strategy should also consider your own risk tolerance.