📊 Technical Analysis
● ADA is testing the confluence of the long-term support line and the 0.54-0.63 demand zone; every prior touch of this area sparked a 20-30 % rebound.
● A falling wedge within the broader descending channel is close to completion; a 16 h close above the wedge roof (~0.66) activates a measured move to the first horizontal resistance at 0.73 and the channel cap near 0.86.
💡 Fundamental Analysis
● The upcoming Chang hard-fork, which introduces on-chain governance and boosts staking utility, is scheduled for main-net in Q3 2025, lifting on-chain activity and TVL.
✨ Summary
Long 0.58-0.63; wedge breakout >0.66 targets 0.73 ➜ 0.86. Bull bias void on a 16 h close below 0.54.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support