Technical CRYPTO Analyst

#ADAUSDT Breakdown from the Ascending Channel: The price has fallen below the ascending channel, signaling a potential bearish trend continuation.
A key support level around 0.7765 was broken, and the price is now testing lower regions.

Two Possible Scenarios:
Bullish Rebound: If the price reclaims 0.7765, a retest of higher levels like 0.95 - 1.00 USDT is possible.
Bearish Continuation: If rejection occurs, price could drop further towards the 0.4836 Fibonacci level and even 0.2910 as the next demand zone.

www.tgoop.com/TechCryptoAnalyst/12801

23.7K viewsFeb 28 at 09:56

#ADAUSDT Breakdown from the Ascending Channel: The price has fallen below the ascending channel, signaling a potential bearish trend continuation.
A key support level around 0.7765 was broken, and the price is now testing lower regions.

Two Possible Scenarios:
Bullish Rebound: If the price reclaims 0.7765, a retest of higher levels like 0.95 - 1.00 USDT is possible.
Bearish Continuation: If rejection occurs, price could drop further towards the 0.4836 Fibonacci level and even 0.2910 as the next demand zone.

BY Technical CRYPTO Analyst