Technical analysis by trading_mura about Symbol ADA on 8/6/2025

At the moment, the price is trapped between the weekly reversal level and a key support zone. Over the past 24 hours, the price has increased by nearly 4%, and we’re seeing a strong RSI reaction — approaching the 60 level. This relatively weak price movement combined with a strong RSI push may indicate a potential continuation of the downtrend. Here’s the plan: If the ascending trendline is broken, we could see a drop toward the support zone at 0.6496–0.6901. If unexpected bullish momentum appears and the price breaks above the moving averages and the weekly pivot at 0.7557, an upward move toward the resistance zone at 0.8213–0.8618 becomes possible.