Then ADA/BTC started to move higher, breaking above the downtrend . Currently Cardano approaching the 2196 satoshis resistance that is 78.6% Fibs. Also there is the 50 Moving Average that is also acting as the resistance.
Overall, break above 2196 satoshis and 50 Moving Average should confirm trend reversal and should result in further growth, towards either 2607 or 3185 satoshis, both of which correspond to level.
But if resistance will be rejected price cold enter the consolidation phase and even result in a decline towards the 1673 satoshis level, where the bottom was formed back on the 18th of May.
ADA price go up?