#ADAUSDT has impressively moved above the descending channel and is now in a critical phase of moving from resistance to support. The Point of Control (POC) of the VRVP Channel provides additional support and increases the likelihood of this bull trend continuing.
If#Cardanosuccessfully holds the retested support at $0.425, we expect a strong rally supported by accumulated momentum at this level.
However, if ADA loses its strength and slides back into the channel, breaking below the new support level, this could signal a downside reversal. The next major demand zone is located at $0.387; It is known for its significant bullish reactions because it has strong liquidity.
On the other hand, if#ADArevisits this demand zone, a solid recovery of the price from this point will be vital to sustain support. Failure to do so could increase bear pressures, disrupt market sentiment and potentially cause further price declines.
Continue to be careful and flexible. It actively monitors the evolving dynamics of the#Cardanomarket and is ready to guide you. It is not investment advice. #BinanceHerYerde
#ADAUSDTis currently in a crucial stage to retest resistance that has transformed into support after it spectacularly broke above the declining channel. The VRVP Channel's Point of Control (POC) offers more support and increases the possibility that this bullish trend will continue.We anticipate a strong rally motivated by the momentum that has built up at this level if#Cardanocan sustain the retested support at $0.425. But if ADA weakens and retreats inside the channel, falling below the new support, this could indicate a change in direction to a negative one. The next important demand zone is at $0.387, which has a history of strong bullish responses due to its high liquidity. It is not investment advice #ADAAnalysis #ADA/USDT $ADA