๐ $ADA: THE ROAD TO $1 STARTS WITH A CHANGE IN STRUCTURE
Previous bottom-to-top moves on this weekly chart delivered approximately 10,233%, 238% and 375%. The latest major rally carried $ADA from around $0.28 to $1.33 before another prolonged decline.
Now, $ADA is around $0.27, recovering from recent lows. A potential base is forming, but the broader reversal still needs confirmation.
$0.30โ$0.35 is the first resistance zone. A weekly close above it and a successful retest would strengthen the recovery and help establish support above the recent base.
Next comes $0.45โ$0.50, followed by $0.75โ$0.80. Reclaiming these areas would build a stronger sequence of higher highs and higher lows.
The green scenario maps a recovery toward $1.00, approximately 271% above the $0.2698 shown on the chart. That target requires several resistance levels to become support along the way.
$0.18โ$0.22 remains the lower support zone to watch. Losing it would undermine the potential base.
For $ADA, clearing the first resistance is the next step toward making the $1 scenario more credible.
Previous bottom-to-top moves on this weekly chart delivered approximately 10,233%, 238% and 375%. The latest major rally carried $ADA from around $0.28 to $1.33 before another prolonged decline.
Now, $ADA is around $0.27, recovering from recent lows. A potential base is forming, but the broader reversal still needs confirmation.
$0.30โ$0.35 is the first resistance zone. A weekly close above it and a successful retest would strengthen the recovery and help establish support above the recent base.
Next comes $0.45โ$0.50, followed by $0.75โ$0.80. Reclaiming these areas would build a stronger sequence of higher highs and higher lows.
The green scenario maps a recovery toward $1.00, approximately 271% above the $0.2698 shown on the chart. That target requires several resistance levels to become support along the way.
$0.18โ$0.22 remains the lower support zone to watch. Losing it would undermine the potential base.
For $ADA, clearing the first resistance is the next step toward making the $1 scenario more credible.
