Critical phase for ADA: Support and potential price movements ahead

<p> <strong> Critical phase for ADA: Support and potential price movements ahead </strong> </p>
Ada analysis: Current consolidation phase and possible trend reversal
The ada (Cardano) cryptocurrency currently shows an interesting market movement. Ada stays in the blue box on the daily -type and is located in a side consolidation phase below the 50s EMA (exponential moving average). This phase signals uncertainty in the market, while investors are waiting for clear signals for the next market movement.
market analysis and liquidity
The Heatmap in the chart shows that there is a considerable amount of liquidity above the current course that could potentially be called up. A red vector in the upper area could serve as a catalyst for a possible increase in the price and raise the price beyond the existing resistance.
If ADA overcomes the 50s EMA and can establish itself sustainably about it, this would be a crucial step towards a possible trend change. It is important that the course no longer falls below this brand in order to give bullish views space. Otherwise, the support test in the blue box could take another test. If the outbreak succeeds, the path for new highs would be paved, especially if additional buying volume penetrates the market. An increase in the resistance could lead to a strong movement at short notice, since there are many stop-without orders and liquidity zones in this area.
The coming days are crucial because Ada has reached a critical point. An impulsive movement - be it up or down - could significantly influence the further trend course.
4-hour chart: Potential correction for high long positions
In the 4-hour chart there is an interesting dynamic: two consecutive green vector candles indicate a strong upward movement. However, such vector candles are often started to pick up liquidity in these areas. The analysis of the liquidation level shows that the recent increase opened many long positions, which significantly outweighs the long positions in this price range.
The RSI (relative strength index) is currently 70 points and is therefore in the overbought area, but still has some scope for short -term price rising. This indicates that ADA could continue to rise at short notice before a possible correction uses.
It will be crucial whether the green support line can hold. If the course starts again to collect the vector candles, this could lead to a reset that potentially offers new entry opportunities.
Ultimately, a lot will depend on Bitcoin. If BTC continues and continues to increase its positive development, Ada could follow this trend. On the contrary, a weakness at Bitcoin would also put ADA under pressure and might have a new test of the support. The next few hours will be decisive to determine whether the current upward trend is stabilized or whether a correction is imminent before a new upward movement can be initiated.