#ADAUSDT Breakdown from the Ascending Channel: The price has fallen below the ascending channel, signaling a potential bearish trend continuation. A key support level around 0.7765 was broken, and the price is now testing lower regions.
Two Possible Scenarios: Bullish Rebound: If the price reclaims 0.7765, a retest of higher levels like 0.95 - 1.00 USDT is possible. Bearish Continuation: If rejection occurs, price could drop further towards the 0.4836 Fibonacci level and even 0.2910 as the next demand zone.
#ADAUSDT Breakdown from the Ascending Channel: The price has fallen below the ascending channel, signaling a potential bearish trend continuation. A key support level around 0.7765 was broken, and the price is now testing lower regions.
Two Possible Scenarios: Bullish Rebound: If the price reclaims 0.7765, a retest of higher levels like 0.95 - 1.00 USDT is possible. Bearish Continuation: If rejection occurs, price could drop further towards the 0.4836 Fibonacci level and even 0.2910 as the next demand zone.
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