$ADA

The ADA currency demonstrates remarkable resilience amid challenging market conditions, maintaining levels above $0.45 despite recent fluctuations. Technical analysis indicates the formation of a symmetrical triangle pattern on the daily timeframe, which may suggest strong movements ahead. On the blockchain, we are seeing an increase in the number of active wallets and accumulation by whales. Upcoming updates such as the Hydra project for layer two solutions could enhance the network's value. However, ADA remains sensitive to Bitcoin's movements and overall market sentiment. Traders are advised to closely monitor the $0.50 level as key resistance and $0.40 as critical support.