On the weekly chart, $ADA is showing early signs of a potential bottom forming within the key support zone between 32.2 cents and 43.7 cents. It’s still too soon to call it a confirmed low, but last week’s candle showed a notable reaction right at the Point of Control.
This region holds weight: Fibonacci levels align here, and historically, the 38–39cents range has seen heavy trading activity.
Right now, I’m watching to see if ADA can build a five-wave move to the upside. Until then, patience is key, but this is a zone worth keeping on your radar.
