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$ADA DIPPED 1.3% – CONSOLIDATION OR REVERSAL?!"
ADA is down 1.3% today, but the daily chart shows a bullish pennant forming – a continuation pattern that often leads to upside. The pennant's upper trendline sits at $0.1635. Support is at $0.1600.
Volume is low, which is typical during consolidation. If ADA breaks above $0.1635, I'd expect a run toward $0.168 and $0.172. A break below $0.1600 would invalidate the setup.
I'm watching for a volume spike to confirm direction.
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