The debilitating and depressive correction in the ADA market has been going on since September 2021. Since then, buyers have never organized at least some rebound in the ADA price on a weekly timeframe. The price falls without much trading, which proves the complete uselessness of this cryptocurrency to investors. In 7 months, the ADA price fell by 75%. The main question is whether there is still potential for sellers to continue to fall? In the weekly timeframe, we see that the nearest liquidity zone, where the ADA price significantly slowed down, is around $0.17. All other price space of the ADA cryptocurrency grew uncorrected. https://www.tradingview.com/x/jmAc7BzQ/ Do we expect such a sharp fall of the ADA price and the $0.17 test? So far, this is not a very real scenario that will completely bury this cryptocurrency for a long time. The first local point where buyers will be able to organize a price rebound is $0.7. Starting from the trading week on 21 February, we see that the ADA price fall has slowed. The sellers no longer have enough strength to continue to put pressure on the price, and their latest achievement maybe the $0.7 test. Of course, this does not mean that after the price rebound from $0.7, the global downward trend will not continue. However, in the local perspective, the ADA price rebound with a global target of $1.4 is highly likely. Technical Analysis Of ADA On The Daily Timeframe https://www.tradingvie...
