ADA has broken out of the weekly bull flag pattern, signaling a potential continuation of the prior uptrend. The measured move projects a price target near 1.75, following a likely retest of the 1.01 level as new support. Momentum remains bullish as long as price holds above the breakout zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.