Recently, after ADA surged to $0.86, it faced pressure from bears and fell back, but bulls are still active and have intentions to push higher.
The current market is at a critical juncture; if the price rebounds from the neckline, bulls may regain strength and aim for $1 after breaking $0.86. If bears push the price below the moving average, it may drop to $0.58.
In terms of action, if it holds above the neckline, aim for $1; if it loses the moving average, be cautious of a drop to $0.58.
