#ADA

After the price of ADA retested the moving average, buying pressure quickly emerged to support, indicating that the bulls are still actively defending.
If this rebound can continue, the market is likely to keep testing higher levels, first looking at $0.29, then at $0.31.
And $0.31 is the real key level for this phase of the market.
Because this position is not just a short-term resistance, but more like a dividing line for the entire stage.
If the price only touches $0.31 and gets pushed down, then it’s probably still in a range-bound oscillation;
But if it can close above $0.31 and hold steady, it means the market is shifting from consolidation to a trend, and the bulls will regain control of the rhythm.
Once the breakout is confirmed, the upside space will further open, with a chance to reach $0.37, or even $0.40.
Of course, downward risks should also be watched.
If the price falls back below the moving average, it indicates that this rebound lacks strength, and ADA is likely to continue oscillating within the $0.22 to $0.31 range.