1D candlestick chart with a bearish regression channel.
Currently, ADA is near the upper limit of the regression channel (red dotted line). A bullish trendline (green) points to a possible breakout on June 17, with a target close to 0.8246. However, a bearish line (red) suggests that we could see a drop beforehand, with possible support in the 0.40–0.53 area.
🧐Possible scenarios:
🐂 Bullish: breakout of the channel with a close above 0.8246 and successful pullback could start a new bullish trend (around June 15-18)
🐻 Bearish: rejection at the upper limit could lead us to test 0.5331 or even the lows in the 0.40 area, (Early June, around the 7th to 10th)
Key buying zones to watch:
Pullback to 0.74–0.76 if it breaks upward.
Strong support at 0.53 and 0.40 if the drop continues.
This is not financial advice. Always do your own analysis before investing.
