ADA’s correction from the March pump dragged on longer and went deeper than many expected. In the end, price even dropped below its pre-pump level.

The nearest bearish OB is around the 0.73 zone.
A breakout above that could open the path toward a retest of the 2024 close at 0.844, and possibly even 0.92.

I’ve drawn $ADA long setup that offers a 2:1 risk-reward.

Personally, I won’t take it — doesn’t make much sense to wait that long for such a modest payoff.

But for those interested, it’s better to ladder your entries:
0.66 / 0.63 / 0.59