ADA is at support zone, will it hold?
Bullish Scenario: ADA is trading above the $1.05 support level. If the current support level is held in the coming days and the $1.16 resistance level is broken, we could see a move towards $1.42, $1.58 and above.
Bearish Scenario: Since a few weeks, ADA has been in a uptrend channel on a lower time like 4hour,(4H),daily,etc but we can’t ignore the bearish completely and so failure to hold the support at $0.92 could lead to a drop to $0.66 and lower.
Bearish Scenario: Since a few weeks, ADA has been in a uptrend channel on a lower time like 4hour,(4H),daily,etc but we can’t ignore the bearish completely and so failure to hold the support at $0.92 could lead to a drop to $0.66 and lower.
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