ADA is forming Higher High (HH) and Higher Low structure on 1-hour chart and moving up. This is a bullish structure and usually found in bull rally. The major resistance level is $3 and support is $2.58-$2.64 area. The HH and HL structure is invalid after it breaks the $2.58 support area. Keep an eye on that level.
ADA is now at rank 3 and has a total marketcap of $88 Billion. Jumping into ADA at current price is not a good trade as per risk reward ratio. We may see correction in ADA after the smart contract hype is over. Wait for sometime for better entry.
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