๐ ($ADA ) Descending Channel Update ๐
ADA is currently trading within a descending channel, showing signs of accumulation between:
๐น Support: $0.60
๐น Resistance: $0.85
โ ๏ธ Price is holding above the key support zone, indicating buyer interest. However, strong resistance near $0.85 continues to cap upside momentum.
โ Watch for a breakout above the upper trendline โ this would signal a bullish reversal and open the door to the next major target:
๐ฏ Target: $1.17
๐ Accumulation in this range could lead to an explosive move. Stay alert!
