ADA - Watching the 0.165 resistance for follow-through

It's interesting to see $ADA pushing up towards that 0.165 resistance again today. We've been hovering around this area, and while the daily candle is showing some strength, I'm a bit wary of calling it a decisive breakout just yet. The 0.16664 intraday high is a good test.

From a technical standpoint, we're still operating within a broader range, and this level has been a sticking point before. A clear close above 0.165, ideally on decent volume, would obviously be a more constructive signal for continuation. However, if we see rejection from here, a retest of the lower bound around 0.158 wouldn't surprise me. The risk, in my view, is a failure to hold above 0.165 and a subsequent retreat, potentially leading to a retest of the recent lows. Just something to keep an eye on.