#CardanoDebate #ADA
Highlights of the technical analysis
ADA dropped from $0.688 to $0.625 before recovering to $0.641, a decline of 6.01% on the day.
Volume increased during the drop between 01:00 and 02:00 UTC, establishing strong support at $0.622.
A 58% recovery from the lows formed an upward channel, with higher lows indicating slight accumulation.
Resistance at $0.645 has limited the bullish momentum for now, with buyers entering near $0.636.
Volume spikes at 13:50 and 14:00 UTC (2.6M and 5.7M ADA) suggest renewed interest but with limited follow-through.
