Last month I made an analysis on ADA and the huge parallel channel it has been trading in for almost 4 years at this point. In said analysis I wrote that my long-term target for ADA is placed at 35$ (or the top of the channel, whichever comes first).
The trade is playing out well. However, the 3-day RSI has hit a new record high of 90.37 at the moment of writing. Historically, this has signaled a local top was near.
I doubt that we're going to see 0.38 in the next correction. Still, a correction towards the 0.50$ is still possible after being so far extended.
Don't miss out on the correction. Prepare yourself for any near-term weakness in this token.