After a massive bull run, ADA is doing a ABC correction.
Also we see a falling wedge, if ADA falls through support (yellow circle), I expect bearish continuation. The 0.786 fib line (2250sats) could be a perfect buy zone. Buy orders should be placed within the red box.
If ADA hold support at this level 3000sats, then I expect upward movement. The RSI is oversold, this triggers people to buy. When we hit the upper line (resistance) and volume kicks ADA could breakout, This indicates a trend reversal, possibility for another bull run.
This is not financial advice.
If you have any feedback or remarks, please feel free to comment below. Peace and trade safe!