🔥 ADA Might Have Found Support: Bullish Channel Analysis

Yesterday I made an analysis on ADA. I argued that the price was likely to fall further and find support near $2.45.

I didn't expect the sell-off that we had to face in the end. A couple of billion USD was wiped out in a matter of hours due to overleveraged traders capitulating.

As for ADA, it seems that the bullish channel is holding for now. However, it might very well be the case that we're going to test $2 in the near future.

For now, I'm going to keep a close eye on ADA and the market as a whole. I'd like to see a daily close above $2.6 before going bullish again.

Happy trading!