Overview
- ADA trades around $0.645 within a narrowing wedge, with support clustered at $0.62–$0.64 and a reclaim of the 50-EMA near $0.67 eyed for confirmation.
- Coinglass data shows $8.6 million in net outflows on Oct. 24, indicating fewer tokens on exchanges and a potentially tighter near-term supply.
- Technicians map a path to $0.73 and then $0.90–$0.92 on a confirmed breakout, while a drop below $0.62 would invalidate the setup and could expose the $0.50 liquidity area.
- Lower timeframes show an inverse head-and-shoulders with a neckline near $0.65, and the Parabolic SAR is flattening on the daily chart as bearish momentum eases.
- Some analyses outline multi‑month targets near $2.5–$2.7, described as contingent on sustained strength above roughly $0.80–$0.85 and rising volume.