ADA is currently getting ready to a good run. Hello friends, Ada is about to get really juicy and green.
We could see a breakout incoming from the current sideways market. We could see a breakout from the current price with a strong upward pressure but the bulls(buyers) are most likely to face a new challenge with the strong resistance at $1.5 area. This could lead to a kind of pullback but the buyers are most likely to keep up the pressure and could end up eventually breaking through to $3.
The current chart pattern is a bullish pennant Pattern which is a sign of pause in the market for a short period of time. This is a brief analysis to show possible resistance areas to watch
Important Resistance Areas: First resistance $1.4 to 1.55 Second resistance $2.5 to $3 Third resistance : $4.5 to $5