During the previous week ADA reached a not so nice record. Namely, the coin managed to reach its historically lowest market price at the level of $0.39, but on a positive side, at least the coin managed to increase its volatility . ADA is finishing the week around level of $0.5, with RSI moving at oversold market and MA50 moving slightly away from its MA200 counterpart.

Regardless of significant drop in price during the week, during last trading days buying orders for ADA were emerging. This indicates potential for price reversal in the coming days. In this sense, there is potential for $0.6, eventually $0.7 resistances to be tested in the coming days. On the opposite side, $0.4 might be tested for one more time.

BITSTAMP:ADAUSD