If the #ADA coin price could maintain the support level at $0.455 and break the neckline at $0.476, we could see a new high. The formation target points to $0.543 for ADA Coin by the end of May.

What if the opposite scenario happens and things get worse with today's losses? A pullback from the IH&S neckline triggers the head and shoulders formation, as shown on the daily chart below. This will bring with it the risk of a significant decline. The descending trendline and resistance are aligned, warning of a pullback towards downside target trendline support. If the pessimistic scenario comes true, the formation will need to be completed at $0.351. These levels are exactly the target of those who expect a decline for the end of May.