ADAUSD above the demand areađŸ’„đŸ’«đŸ”„

ADA

0.586

-0.35%

ADAUSDT

Perp

0.5859

-0.34%

📊 Technical Analysis

● ADA is testing the long-term support line intersection and the demand area 0.54-0.63; each previous touch of this area triggered a 20-30% bounce.

● A descending triangle within the wider descending channel is nearing completion; a close above the triangle's top (~0.66) for 16 hours activates a measured move towards the first horizontal resistance at 0.73 and the channel's top near 0.86.

💡 Fundamental Analysis

● The upcoming solid fork Chang, which offers on-chain governance and enhances storage utility, is scheduled for the mainnet in Q3 2025, increasing on-chain activity and TVL.

✹ Summary

Long 0.58-0.63; a break of the triangle >0.66 targets 0.73 ➜ 0.86. Bullish bias fades on a 16-hour close below 0.54.

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