As per our analysis, ADA is expected to experience a downward movement for a certain period before shifting towards an upward trend. This decline may be driven by liquidity hunts, market corrections, or the need to mitigate overbought conditions. However, once key support levels are reached and liquidity is generated, we anticipate a shift in market structure, leading to a bullish reversal. Traders should closely monitor critical price zones and confirmation signals to capitalize on potential buying opportunities as the trend shifts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.