$ADA has been grinding lower inside a clean falling wedge on the 1H chart after that sharp recovery from the 0.24 region. Structure is tightening now, with price hovering around 0.260, sitting right at horizontal support.



This kind of wedge usually signals seller exhaustion, but confirmation is everything. Right now, momentum is neutral-to-bearish — price keeps respecting the descending trendline while defending the 0.258–0.260 base. That means breakout direction will decide the next impulse.

If #ADA breaks and closes above 0.270–0.275 with strength, we can expect a push toward:
0.285 → 0.300 (prior distribution zone)

If 0.258 fails cleanly: 0.245 → 0.230 (liquidity sweep area)

Support: 0.258 / 0.245
Resistance: 0.270 / 0.285
ADA-3,36%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)