$ADA is still respecting its ascending channel on the daily chart.
After rejecting the upper boundary, price is now rotating back toward the channel’s mid-range. The structure remains bullish while the lower trendline continues to hold as dynamic support.
A clean bounce from the mid or lower channel could set up another push toward the upper boundary.
Key level to watch: channel support.
#ADA
After rejecting the upper boundary, price is now rotating back toward the channel’s mid-range. The structure remains bullish while the lower trendline continues to hold as dynamic support.
A clean bounce from the mid or lower channel could set up another push toward the upper boundary.
Key level to watch: channel support.
#ADA