ADA exits the ascending channel to the $1 KEY POINT

Apr 6, 2022

Following the negative news published by the Federal Reserve and due to their anti inflationary policy, it is likely that short-term prices will fall in the markets. Technically, ADA has started a downtrend after forming the DOUBLE TOP pattern at 1.25 and exited its ascending channel. probably supply will continue because the trading volume has not increased significantly at current prices. After the weak support of 1.08, I expect the bearish rally continue to the key range of $1. If macroeconomic conditions worsen, the price of 0.930, which is at 0.618 Fibonacci, is the most important support for ADA.