The ADA has been in a downtrend for a long time. At the same time, the price again has returned to the big value area.
The price is now squeezing near the middle of the channel and a breakdown of this level could see a continuation of the fall. The best opportunity to buy would be in case of a bounce or a false breakdown of the lower boundary of the channel.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.