This week Cardano has reached the bottom, hitting 1926 satoshis low. There it has rejected the 88.6% Fibonacci support as well as the 8/1 Gann Fan trendline. Although the spike was below, the closing price stayed above the 1952 satoshis Fib support.
Then ADA/BTC started to move higher, breaking above the downtrend trendline. Currently Cardano approaching the 2196...