ADA cracked its descending wedge in early May and quickly reclaimed the 0.78-0.80 consolidation shelf. Price is now travelling inside an embryonic ascending channel that intersects long-term support at 0.76. Holding above that floor leaves room for an advance into the 0.90-0.95 resistance box, with the upper rail flirting with the psychological 1 USDT mark. Failure to defend 0.74 would postpone—but not invalidate—the bullish blueprint.Trade active
ADA slipped from 0.84 into the rising trendline at 0.72 that has anchored every rally since April. The broader ascending channel remains intact; consolidation here suggests accumulation, not reversal. Regaining 0.78 opens 0.88-0.92, while a daily close under 0.70 warns of a deeper probe to 0.64.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.