$ADA DAILY CHART ANALYSIS

Cardano is forming a classic falling wedge on the daily timeframe — typically a bullish reversal pattern when confirmed with a breakout.

🔍 Key Observations:

Price is compressing within a downward-sloping wedge

Strong support has formed near $0.617 –0.63

A breakout above the wedge resistance (~$0.70 –0.72) could trigger a move toward $0.75–0.80

⚠️ Risk Levels:

Breakdown below $0.6150 would invalidate the setup and open doors to retest $0.60–0.58