Regan outlined a trading strategy with an entry at $0.99396, a stop loss at $0.8515, and a target between $1.07 and $1.09. The risk-to-reward ratio is 1.5:1. The bigger picture suggests that ADA is still in an accumulation phase, mirroring previous market cycles. For long-term holders, staking remains an attractive option. Regan recommended delegating ADA to the Cheeky Crypto staking pool, emphasizing the lack of lock-up periods and the potential for passive income. He maintained that ADA’s long-term trajectory remains bullish, with targets set between $4.65 and $9.25 in future market cycles. Short-term expectations point to a potential rebound before another pullback. Resistance remains at $1.07-$1.09 and $1.24. Long-term trends suggest ADA is on track for continued gains, but risks remain. If the price falls below $0.92, a deeper correction could lead to $0.65. Despite these risks, Regan remains optimistic, stating that ADA’s structure is still in line with long-term growth expectations.
