YESTERDAY WE DISCUSSED PROMISING COINS ADA, XRP, LTC, TODAY LET'S ANALYZE A BIT ABOUT ADA "TO HOLD OR NOT TO HOLD"

📈 #ADAUSD – Technical analysis update (H4 timeframe)

After hitting a new local bottom at $0.512, ADA has surged strongly to $0.746. Although it was halted by a doji candle (indicating indecision), it subsequently formed a pennant pattern accompanied by an inside hammer candle – a potential bullish signal.

🎯 Next target: $0.8 and beyond.

🔍 The current ADX (Average Directional Index) is 30.17 – slightly lower than yesterday (32.76) but significantly higher than 2 days ago (14.90). This indicates that ADA is still in a solid upward trend, although the trend momentum is somewhat slowing.

🐋 Notably:

The number of ADA “whale” wallets (holding between 1 million to 10 million ADA) has slightly increased to 2,408 wallets → A signal indicating continued accumulation by large investors.

🚀 Supporting fundamental news:

Cardano introduces Reeve – a new initiative set to launch in Q2/2025 (before June 30).

Strategic partnership between Cardano Foundation and PUC-RIO, a top research university in Brazil.

Participation in major events in Paris and Mountain View, enhancing global presence.

👉 Let's summarize:

ADA has a beautiful bullish structure both technically and fundamentally. If it successfully breaks $0.746, the target of $0.8 is entirely feasible.