About the bear market bottom for ADA
ADA has performed relatively weakly in this cycle, with the peak only reaching 40% of the previous cycle's high, and the price has already approached the previous cycle's low in the early stages of this bear market. Therefore, it is highly likely that the bottom of this bear market will be lower than the bottom of the previous bear market.
ADA may continue to decline along the cyclical channel shown in the chart and may test the lower edge of the channel when Bitcoin finds its bottom at the end of this year, with a target range possibly between 0.08 and 0.1.