🔥 ADA Huge Pump After Bounce From Channel Support

A few days I made an analysis where I argued that ADA might have found support at the channel's lower trend line.


After a day ADA made another move towards the channel support, and the support held yet again. As of today, ADA is seeing a huge bounce after finding support at the lower trend line two times in a row. This gives me confidence that ADA might soon trade at $3 again.

Many alts have made new highs after this week's dump, this might also be the case for ADA. In case bullish pressure remains (and BTC stays relatively bullish), we might see ADA shoot towards the next target based at $3.50 in the coming weeks.

Happy trading!