• ADA price shoots up roughly 20% in 12 hours chart and as it approaches the 200 six-hour SMA at $1.458.
  • An uptrend seems achievable if ADA produces a six-hour candlestick close above $1.458.
  • Rejection at $1.458 might trigger a 30% downswing to $1.01.

ADA price has seen a healthy uptick over the past 24 hours but is currently hovering under a Important resistance area. Hence, ADA shows no bias. A crystal clear trend will establish after the so-called “Ethereum-killer” breaks past the supply barrier or gets rejected by it.