#ADAUSDT After a good increase, the price is correcting the price and is approaching the support zone, which we can consider as a suitable price for buying, 0.3031 - 0.3317. If it is supported from there, high prices can be considered as the target.

🔴 Resistance Line

🟢 Support Line

#ADAUSDT UPDATE - It's really great, according to our analysis, the movement exploded after reaching our support area and pumped more than 140%.

#ADAUSDT The price is compressed and if it can break the downward trendline, we can be sure of a price increase. The price is also above the support area and we give the possibility of growth.

#ADAUSDT The price is in a similar bullish situation that has happened before. If the price is supported by the bulls, we can see the price grow. However, if the bears take over the selling, it can break the support trendline and increase the price decline.

#ADAUSDT Cardano has broken the cup and handle pattern and successfully retested it!

If this level is maintained and trading volume increases, the possibility of continuing the uptrend and reaching higher targets increases.

#ADAUSDT Breakdown from the Ascending Channel: The price has fallen below the ascending channel, signaling a potential bearish trend continuation.
A key support level around 0.7765 was broken, and the price is now testing lower regions.

Two Possible Scenarios:
Bullish Rebound: If the price reclaims 0.7765, a retest of higher levels like 0.95 - 1.00 USDT is possible.
Bearish Continuation: If rejection occurs, price could drop further towards the 0.4836 Fibonacci level and even 0.2910 as the next demand zone.

#ADAUSDT Cardano is above the resistance area. If the descending channel breaks, we can prepare for an uptrend. The static resistance at 1.1753 should be broken and we should prepare for confirmation of the uptrend.

#ADAUSDT Cardano price has successfully broken out of the descending channel and made a positive retest.

If the key level breakout is confirmed, I expect further growth.