: Will It Return to $1?
Currently, ADA is trading near the important support level of $0.859. If this support level holds, it is entirely possible for the price of ADA to return to $0.91 and even aim for the $0.99 - $1 level. A strong recovery could occur if buying pressure prevails and helps the price break through the next resistance levels.
However, if the downtrend continues and the support level of $0.859 is broken, the risk of ADA continuing to decline sharply cannot be ruled out. In that case, ADA's next support level could fall to $0.76, resulting in a significant price drop.
Summary
Although the current price of ADA is declining, the ADX indicator shows that the downtrend is weakening and the stability in the activity of whales suggests that the market may be preparing for a recovery. If the support at $0.859 is maintained, ADA could return to the price level of $1 soon.
However, as with any investment decision, investors need to closely monitor market developments and only act when they fully understand the current situation.