#ADA Goood Coin Now Coming Little Down For Litte Time.. ๐( BUY)
๐จ ADA Market Update โ Ongoing Correction & Key Levels to Watch ๐
Hereโs a breakdown of ADA's current market situation:
๐น Wave 4 Correction:
ADA is still in a potentially ongoing wave 4 correction.
There's uncertainty about whether this is simply a correction or something more bearish, such as an extended downside scenario.
๐น Key Levels:
Support Levels: Watch $0.59 - $0.58 for potential hold points.
Critical Support: The 51-cent level is crucial; if broken, ADA could see a further dip to $0.30 - $0.25.
Resistance Levels: To see a bullish turn, ADA needs to break through $0.68 - $0.74. A move above $0.77 would confirm a stronger bullish setup.
๐น Potential Scenarios:
If ADA holds the current levels, we could see a five-wave move to the upside, with targets at $1.72 and $2.36.
If $0.51 is broken, a deeper correction could unfold, potentially invalidating the triangle pattern currently being tracked.
๐น Market Sentiment:
Short-term pressure remains downward, as recent swings suggest a test of $0.58 next.
Until significant levels are broken, thereโs no clear confirmation that ADA has bottomed.