ADAUSDT on the 4h chart is showing a strong pattern of consolidations, each followed by a breakout. The price is currently holding above 0.52, with the technicals favoring a move toward 0.60 and 0.70. The repeated pattern of higher lows and strong rebounds from support suggests that buyers are accumulating, preparing for another breakout.
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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.