🔥 $ADA : Will we see a breakthrough towards the dollar? 💥
📊 Technical Analysis (Daily Frame):
Current Price: $0.8779.
Strong Support: $0.84 – $0.83 (has held several times before).
Nearby Resistance: $0.98 – $1.00 (a critical point for takeoff).
The current movement shows consolidation after a strong upward wave from July to August, which may indicate a consolidation phase before the breakthrough.
📰 News and General Environment:
According to Blockonomi, ADA faces critical resistance at $0.98, surpassing it could open the way towards $1.15.
Ainvest indicates that buying activity is increasing as the price approaches Fibonacci levels, reinforcing the upward trend.
More than 25 million ADA have exited exchanges to private wallets during August (parameter.io), a sign of whale accumulation and confidence in an upcoming rise.
📈 My Personal Opinion: The trend is closer to bullish 🚀 as long as the price holds above $0.84.
Reason: Strong support + Positive news (whale accumulation + optimism about the upcoming resistance).
If it breaks $0.98, the path to $1.10–$1.15 is open.
However, breaking below $0.83 could change the scenario to bearish (deeper correction).
❓ Today's Question:
Do you expect $ADA to break $1 soon or is the correction still ahead of us?
👇 Share your opinion!