ADA broke through its 200-day moving average but faced resistance at $1.2. The price retreated toward the $0.75 support, which is vital for a potential recovery. If it fails to hold, ADA might drop towards $0.5, indicating further decline.
In the ADA/BTC chart, ADA is lagging compared to Bitcoin. The 1,000 SAT support is at risk and analysts suggest a breach could lead the price to fall towards 700 SAT. Bitcoin is expected to outperform ADA in the near term, reflecting its growing strength.