$ADA

Technical Analysis ADA/USDT

The $ADA forms a multi-year inverted head and shoulders pattern within an ascending channel. The price is currently approaching the resistance level of the neckline at around $2.9.

🔹 Pattern: Inverted Head and Shoulders - A strong bullish reversal structure

🔹 Breakout Levels:

First target after breakout: $2.90

Medium-term target: $5.80

Long-term target: $9.00

If ADA breaks the neckline level and holds above this level, a strong bullish wave towards $5 or more is likely to form.