ADA’s strong defense of the $0.75 support indicates a possibility of approaching $1. A significant drop was noted, moving towards the 20-day simple moving average, which suggests a mixed sentiment among buyers.
If ADA manages to surpass $0.94, the price could rise to $1.02 or $1.17. However, failure to maintain above the 20-day SMA could indicate a bear trap with a potential drop to $0.66.
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