#ADA

After a decline that lasted for more than five days, Cardano (ADA) has started to show its first green candle, which may indicate a potential reversal of trend. The daily chart shows a momentary rebound, as ADA tests key Fibonacci levels.

ADA Movement Analysis: Currently, ADA is moving between the 50% Fibonacci level ($0.6272) and the 61.8% Fibonacci level ($0.7351), which are critical levels in determining the upcoming trend.

Breaking above the level of 0.7351$ may confirm a bullish reversal, paving the way for further gains.

Failing to maintain above 0.65$ may lead to additional selling pressure, increasing the likelihood of continued decline.