ADA is consolidating within a descending channel and is currently facing resistance from the 100MA, which is acting as a barrier above the price action. A breakout above both the 100MA and the channel would signal a potential bullish trend. However, if the breakout fails, the price may continue to move within the pattern.
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#ADA /USDT ANALYSIS
ADA is consolidating within a descending channel and is currently facing resistance from the 100MA, which is acting as a barrier above the price action.
A breakout above both the 100MA and the channel would signal a potential bullish trend. However, if the breakout fails, the price may continue to move within the pattern.