$ADA Analysis Update

Currently, $ADA is consolidating between the green support zone below and the red resistance zone above.

It’s important to note that trading within a consolidation phase can be more challenging compared to a trending market. However, based on my analysis, ADA still appears structurally sound and maintains a bullish outlook as long as it holds above the green support zone.

Trade Opportunities:

• I anticipate a potential dip into the $0.5500–$0.6200 range.

• Following this, there is a possible rise towards the $0.95–$1.00 range.

Since this is a consolidation market, I strongly encourage traders to take profits early at any supply zone if they choose to trade it. The key area to watch for profit-taking remains around $0.95–$1.00.

If we observe further bullish momentum, we will make necessary adjustments to the analysis.

Note: This is my personal perspective and not financial advice. Please make your own trading decisions based on your personal judgment.

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