The ADA has been moving in a downtrend for a very long time. From its high, the price has corrected by 50%, which is quite a big drop. It is worth pointing out that the price made a false breakout of the upper boundary of the huge value area. A false breakout of the key levels is a good buying opportunity.
If the big players have gathered enough liquidity, the price will continue its upward movement towards the target at the top. If the price corrects even lower and makes a false breakout of the level of 1.022$, that would be a good buying opportunity.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.