$ADA
#ADA Despite an initial sharp downtrend and a subsequent bearish curve that triggered a liquidation event, the ADA/USDT chart now hints at a potential bullish reversal. The ongoing consolidation around 0.5703 signals a possible accumulation phase following recent volatility, setting the foundation for an upward move. A strong pullback and bounce from the 0.5635 level underscore underlying buying interest, pointing to a shift in momentum.
Rather than continuing to drop post-liquidation, the market is stabilizing — a bullish indicator. With the price holding firm above the recent low of 0.5635 and showing signs of resilience, there’s a growing likelihood of a move towards the 0.5720 resistance level, possibly extending higher. This consolidation appears to be serving as a launchpad for a breakout, with bulls eyeing a retest of previous highs.