$ADA

Technical Analysis ADA USDT

$ADA has broken the descending channel, indicating a potential trend reversal.

Channel breakout: Clear break above the descending trend line (bullish signal).

Current resistance area: $0.77-$0.82 (previous strong rejection area).

Next major target: $1.18 (highlighted in orange).

Support area: $0.68-$0.70 and $0.58 below.

Summary:

If $ADA breaks the descending channel and holds above $0.82, this will open the way for a move towards $1.18. The momentum is bullish, and this breakout strengthens the outlook for the medium and long term.