ADA Analysis

  • ADA price shows that its 22% upswing has exhausted the momentum, leading to a correction.
  • A bounce from the demand zone extending from $1.488 to $1.566 will most likely trigger a 35% bull rally.
  • The bullish scenario will face invalidation if the support level at $1.322 is breached.

ADA price is currently experiencing a minor pullback that could push it down to a critical support area. A resurgence of buyers in this zone will propel Cardano to pre-crash levels.

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