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ADA analysis – the price is trying to bounce off the bottom of the correction.

by Margharet Tess
April 5, 2025
in Analysis
Reading Time: 3 mins read

ADA continues for the time being sideway and is currently struggling with key resistance falling flag. This potential accumulation zone is on a key export. The $ 1.20 level is long-term point of control. However, the question remains, whether the price can really stay on this export, or will eventually fail and the correction will continue.

The current support is located exactly at the mentioned point of control $ 1.20. Price has tested it 5 times and still maintains it. However, the local highs in the current sideway structure are declining and therefore arose descending triangle. So far, it looks like this triangle should be closed by a bull leg. However, the last maximum was still not overcome.

ADA / USD 4HADA / USD 4H. Source: TradingView

ADA has come across long-term support

The last maximum is at the level of $ 1.31 and if we overcome it, it is possible target $ 1.46. In such a scenario, the breakdown of the correction resistance is confirmed and an accumulation zone and potential the bottom of the whole correction. However, it is questionable how long the price will actually take to bounce back from the bottom and create a new upward trend.

During the last correction ADA had a rather poor performance compared to many highcaps, and the price completely erased the entire previous uptrend. On the other hand, we have the opportunity to buy relatively cheaply, because the price is in the long-term key support area.

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Margharet Tess
Margharet Tess
Editor, Developer at Cryptheory Labs
I have been active in the cryptocurrency world for over 6 years, during which I have written countless articles about this sector. What fascinates me most about cryptocurrencies is their technological aspect and the problems they aim to solve. In the past three years, I have ventured into app development and am currently working on a larger project called P2E Buzzer. Stay tuned for the surprise. 🙂 My previous experiences: Business2Community.com, TradingPlatforms.com
Margharet Tess
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