$ADA update
The price moved upward and stopped after entering the gap zone, without reaching the midpoint of the zone. The correction that followed was expected.
Ideally, we would like to see the gap filled between 50% and 62% Fibonacci of the 0.32–0.43 range.
To support the scenario of a continued upward movement, the price should not fall into the gap that was formed immediately after the start of the new year. A drop back into this zone would weaken the bullish case.
If that happens, we turn to the annual timeframe, where there is a risk of a further downward move, with potential tests of:
• 0.2737 – 2025 low
• 0.2458 – 2023 opening level
• gap zone between 0.1069 (2019 high) and 0.22 (2023 low)
For now, price remains technically neutral, with both scenarios open. #ADA #altcoins