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Whitehouse021

1/2/3**ADA/USDT – 1-Hour Chart Analysis** The price is currently testing a key resistance zone around **0.7300 - 0.7760**, aligning with both the descending trendline and the **200 EMA (orange line)**. A rising wedge formation has emerged, indicating a potential reversal or continuation of the downtrend. If the price fails to break above this resistance, a rejection could lead to a pullback towards the **0.6550 - 0.6340** range. However, a breakout above this level may invalidate the bearish setup and signal further upside potential. Monitoring price action around this resistance zone is crucial for assessing the next trend direction.
Short
by WhiteHouse021
Updated

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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