Bullish Reversal for ADA? Key Levels to Watch
2024-11-05



The ADA/USDT is approaching key levels that may determine its next move. The support level at 2800 is critical for maintaining a bullish outlook; as long as the price holds above it, the bullish trend is likely to continue. The main resistance level to watch is 4100—a breakout above this point could open the path to the next target at 8100, aligning with previous highs.

If the 2800 support fails, the price could experience a deeper correction, offering potential accumulation zones at lower levels. Currently, momentum is building, suggesting a possible bullish reversal if key levels hold.

Conclusion: ADA is showing promising signs for a bullish breakout, but support at 2800 remains crucial. A breakdown could indicate a return to bearish territory.

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