Thoughts on $ADA and that 0.165 support area

Been watching $ADA fairly closely over the last few sessions, and that 0.165 level is really starting to look like a critical area. We've seen it hold up pretty well on a few retests today, with the intra-day low bouncing off 0.16357, which is encouraging. It's not a strong impulsive move off it, but the constant bid coming in around that zone suggests some underlying demand.

The broader context here is that if 0.165 were to break decisively, I'd be looking for a potential retest of the low 0.16s, perhaps even down to 0.16 flat. My conviction around this 0.165 level as significant support would certainly diminish if we get a sustained close below it, particularly if accompanied by decent volume. For now, it's holding, and I'm watching to see if buyers can use it as a spring-board for any kind of upward momentum.