ADA’s rebound hasn’t turned into a genuine reversal yet—keep a close eye on key levels!
Analyst Giannis Andreou points out that ADA is currently trading around $0.2644 and testing the $0.20–$0.28 range, which has played an important role several times in the past.
However, the weekly chart continues to show lower highs, indicating that the trend has not fully reversed. For momentum to truly turn bullish, ADA needs to reclaim and hold above $0.32–$0.40. Only then could it have a chance to challenge $0.426, or even $0.55–$0.65.
On the other hand, if the weekly chart breaks below $0.20, ADA could retest $0.14–$0.18. A drop below $0.14 would mean the current bottoming structure may have failed. #ADA涨10%突破0.27美元
Analyst Giannis Andreou points out that ADA is currently trading around $0.2644 and testing the $0.20–$0.28 range, which has played an important role several times in the past.
However, the weekly chart continues to show lower highs, indicating that the trend has not fully reversed. For momentum to truly turn bullish, ADA needs to reclaim and hold above $0.32–$0.40. Only then could it have a chance to challenge $0.426, or even $0.55–$0.65.
On the other hand, if the weekly chart breaks below $0.20, ADA could retest $0.14–$0.18. A drop below $0.14 would mean the current bottoming structure may have failed. #ADA涨10%突破0.27美元