It seems that ADA, the original distinguished symbol of Cardano Blockchain, weakens day by day and appears to be losing control at the level of decisive support. Today, February 11, 2025, a prominent encrypted expert published on X (Twitter) and a joint major level of $ 0.67 and $ 0.81, which currently provides decisive support for the original.
The expert indicated that if ADA is carrying this level, there is a strong possibility because it may pave the way for a strong apostasy.
Traders/investors mixed feelings
Although receiving decisive support, investors and their long -term holders throw symbols, and the analysis company revealed the series Coinglass. The data from the immediate flow/external flow shows that the exchanges have witnessed a $ 4.5 million flow of ADA, indicating possible sales due to the continuous low prices in recent days.
By following this prominent flow on the stock exchanges, there is a strong possibility that the original can suffer from the sale of pressure and low prices.
Despite the landfill between investors and long -term holders, traders inside the day show a positive attitude towards ADA, as revealed by Coinglass.
At the time of the press, the long/short/short ratio is 1.30, indicating a strong bullish feeling among merchants. This is the highest/short percentage among the 10 best encoded currencies. However, the data also revealed that 56.30 % of senior traders currently occupy long jobs in ADA, while 43.70 % occupy short jobs.
When combining these scales on the chain, merchants and investors appear to have mixed feelings.
Ada Price Action and the next level
According to the technical analysis of the experts, ADA turned up because it failed to maintain a level of $ 0.75, and has now decreased to less than the Si -SIA moving average (EMA) on the daily time frame, indicating that the origin is in a declining direction.
Based on the latest procedures for historical prices and patterns, if the low prices and the morale of the descending market remains unchanged, and the price decreases to less than the level of $ 0.65, there is a strong possibility that can decrease to the level of $ 0.50 in the coming days.
Ada expectations in the current market
ADA is currently trading near $ 0.70 and has seen price increases to more than 2.55 % over the past 24 hours. However, during the same period, the trading volume jumped by 60 %, indicating an increase in the participation of traders and investors.
