ADA's price action is currently testing the 78.6% Fibonacci retracement level as part of wave-(ii) correction. The critical question now: can it hold above this support zone? If buyers defend this level, the broader bullish structure remains intact and could set up the next leg higher. Break below here though, and the near-term uptrend loses credibility. The setup warrants close monitoring—this support level will likely determine whether the bullish roadmap continues or faces headwinds in the near term.
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CoinBasedThinking
· 16h ago
78.6 Fibonacci level, it feels like ADA is really testing the bottom line.
ADA's price action is currently testing the 78.6% Fibonacci retracement level as part of wave-(ii) correction. The critical question now: can it hold above this support zone? If buyers defend this level, the broader bullish structure remains intact and could set up the next leg higher. Break below here though, and the near-term uptrend loses credibility. The setup warrants close monitoring—this support level will likely determine whether the bullish roadmap continues or faces headwinds in the near term.