ADAUSDT - Daily Analysis (D)

#ADAUSDT - Daily Analysis (D)

Update:

As predicted in the previous analysis, the price drop for ADA has continued. According to recent analysis, the medium-term support level for this coin is around $0.40. It is expected that the price will move downward in an ABC correction structure towards the lower bound of the descending channel.

🔻 Key Support Level: $0.40
🔼 Prediction: Continued corrective movement towards the lower channel bound

This analysis indicates that further downside is likely in the short term, but the support level can present an opportunity for entry.

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📅 Date: 2025/02/04
Analysis by: @MohsenHasanlu