$ADA
in the Multiverse of Madness
If $ADA fails to break above $0.96, it could drop to $0.8050, then possibly bounce to around $0.86 before continuing down the descending channel marked by the red lines.
Historically, September tends to be bearish, which might keep the downward pressure until interest rate cuts later in the month. This could push $ADA toward $0.68โ$0.71, aligning with the 0.618 Fib level from the last low at $0.5093.
Even at these levels, would remain within the broader bullish trajectory (purple line), suggesting an extended correction rather than a full trend reversal.
โ ๏ธ Reminder: Not financial advice โ protect your assets with a stop-loss.
Small insider tip: notice the double bottom forming around the 0.618 Fib ๐คซโฆ keep it between us ๐