$ADA

The ADA token is experiencing stability within a large descending wedge pattern, which is a typical bullish pattern, with repeated rejections near the resistance level of $0.85.

The current pullback is testing the critical support area between $0.73 and $0.69, which aligns with previous demand and the midpoint level of the wedge pattern.

If the bulls defend this area, ADA may build momentum to break above the wedge pattern, targeting $1.17 as a medium-term goal.

However, a breakdown below $0.69 would invalidate the bullish outlook and expose ADA to a deeper decline towards $0.58 or even $0.42.

Until then, the price structure remains neutral to bullish with increasing pressure at the top of the wedge pattern.