#ada is currently trading right at an important support level after breaking a multi-month descending wedge pattern on the 3-day chart, igniting hopes for a price recovery.

As of the time of writing, ADA is trading at $0.7709, down 5.70% in the past 24 hours.

This places the bulls under pressure to quickly regain upward momentum. If the current support level is not maintained, the risk of a deeper decline may increase. However, if buying pressure is strong enough to defend this area, ADA could reopen the path towards the $0.84 mark and potentially further in the near future.$ADA