$ADA is showing promising technical signs, and our previous analysis from nearly three weeks ago has just played out perfectly.
📍 Current Price: $0.7265 (–3%)
📉 ADAUSDT Perpetual: $0.7259 (–3.08%)
✅ Retest Confirmed
We've finally seen the retest we've been waiting for. As highlighted in the green circle, both recent daily candles closed with their bodies above the yellow trendline, giving us the first solid confirmation of a successful retest.
🔍 Original Retest Prediction: $0.72–$0.74
📉 Actual Retest Zone: $0.69–$0.70 (due to time extension)
🎯 What's Next for $ADA?
If this retest holds, ADA could rally toward the following key zones:
⚡ Primary Target: $1.14–$1.20
🚀 Extended Target: Up to $1.70 (if momentum is strong)
⚠️ Bearish Scenario?
While the bullish setup looks favorable, BTC remains the deciding factor.
If BTC drops and closes below $112K, ADA may:
Break down from its triangle pattern
Start closing below the yellow trendline, confirming a false breakout
📌 As of now, this remains the less likely scenario, but it's one to monitor closely.
🔍 TL;DR:
✅ Retest confirmed
📈 Upside targets: $1.14 to $1.70
⚠️ BTC weakness = potential false breakout
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