Technical CRYPTO Analyst

#ADA is consolidating within a large descending wedge, a typically bullish pattern, with multiple rejections near the $0.85 resistance. The current pullback is testing the critical support zone at $0.73–$0.69, which aligns with previous demand and wedge mid-level. If bulls defend this area, ADA could build momentum for a breakout above the wedge, targeting $1.17 as a medium-term objective. However, a breakdown below $0.69 would invalidate the bullish setup and expose ADA to deeper downside toward $0.58 or even $0.42. Until then, structure remains neutral-to-bullish with pressure building at the apex of the wedge.

www.tg-me.com/ca/Technical CRYPTO Analyst/com.TechCryptoAnalyst/12969

26.1K viewsMay 17 at 18:19

#ADA is consolidating within a large descending wedge, a typically bullish pattern, with multiple rejections near the $0.85 resistance. The current pullback is testing the critical support zone at $0.73–$0.69, which aligns with previous demand and wedge mid-level. If bulls defend this area, ADA could build momentum for a breakout above the wedge, targeting $1.17 as a medium-term objective. However, a breakdown below $0.69 would invalidate the bullish setup and expose ADA to deeper downside toward $0.58 or even $0.42. Until then, structure remains neutral-to-bullish with pressure building at the apex of the wedge.

BY Technical CRYPTO Analyst