Everyone is busy chasing the latest pump while $ADA ‌ is doing something very sneaky right now.

Looking at the 1D chart, we are basically stuck in a boring range between 0.245 and 0.276. It feels like the price is just exhausted, but these consolidation phases are usually where the real moves are born. We are holding above that 0.258 support level for now, which is a good sign if you're looking for a bounce.
The volume is pretty flat, so there's no real conviction from the buyers or the sellers yet. If we can actually break and close above 0.277, we might finally see some life. Otherwise, we’re just going to keep oscillating in this zone until the rest of the market decides where to go.
I’m just watching the range for now because trading in the middle of this chop is a great way to lose money.

#IEAReleases400MBarrelsFromOilReserves