There is a probability that the price may retest the supply zone of $0.08 as the bullish inside bar candle formed at the demand zone of $0.05.
Uptrend movement could be triggered in case the supply zone of $0.11 is broken; a clear break and weekly close above the supply zone of $0.11 would interrupt the bearish testing demand zone of $0.08 and the supply zone of $0.13 would be exposed.
A clear break and weekly close below the demand zone of $0.08 would interrupt the bullish testing supply zone of $0.11 and the demand zone of $0.07 would be exposed.
There may be downtrend continuation in case there is a break out of the price at the demand zone of $0.08, traders should be patient for the breakout confirmation at the upper supply zone or break down at lower demand zone before taking a position.
There is the possibility of a trend reversal in case there is a break out of the price at $0.18 supply zone, traders should wait for the breakout at the upper supply zone or break down at lower demand zone to occur before taking a position.
The Long-term trend of ADA remained bearish throughout last week; things are much oversold in the market, and that signals a possibility of a reversal.
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