$ADA – COULD THIS SUPPORT SPARK A REVERSAL?
$ADA is approaching a key structural support after sliding within a descending channel. Earlier, the price suffered multiple failed breakouts and a sharp rejection from resistance near $0.85. It’s now testing the long-term support trendline where buyers have historically stepped in. A rebound from this zone could trigger a move toward the $0.70–$0.75 range if momentum strengthens.
OVERALL TREND DIRECTION: bearish-to-neutral
TARGET WATCH: 0.70–0.75
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