$ADA

The pullback found support at the 61.8% Fibonacci retracement level of $0.86, indicating buying on dips.

The ADA/USDT pair surged above $1 on November 27, but the rally is expected to face resistance near the $1.15 level. If the price turns down sharply from $1.15, it will suggest range-bound action in the near term. The pair may range-bound between $0.86 and $1.15 for some time.

The next leg of the uptrend will start with a breakout and close above $1.15. The pair may then rally to $1.25. Conversely, a break below the $0.86 support will increase the risk of a drop to the $0.80 breakout level.