$ADA

The weekly time frame analysis shows that ADA has reclaimed several key levels in the past three weeks.

First, it bounced at the support trend line of a descending parallel channel that has existed since the cycle high.

Then, ADA bounced and reclaimed the $0.60 horizontal support area while moving above the channel’s midline.

These are all positive signs that indicate a bullish trend reversal is underway.

Cardano’s daily analysis also suggests that the ADA will continue rallying and finally cross $1.

ADA has completed a double bottom since April, a pattern that usually leads to bullish trend reversals.