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$ADA Retesting Key Support
Watching $ADA closely today after the recent dip. It's currently hovering around the 0.1705 level, which has acted as a pretty significant support zone on prior pullbacks. I've got my eye on the 0.1700-0.1690 area as the true line in the sand. A sustained break below that, especially if we see daily closes below it, would make me seriously question the current bounce narrative and could open the door for a deeper retest of the lower range. The daily chart still looks a bit weak, and failure to hold here would suggest this isn't just a healthy correction.
1 comments · 1 points
Calling 0.1705 a "key support" after a recent dip, when the next 'true line in the sand' is just 0.0015 away, seems a bit optimistic. The daily close will tell a clearer story, if it's not already too late for this narrative.