📊Current assessment of the $ADA price movement on the 1D timeframe:

📊Current assessment of the $ADA price movement on the 1D timeframe:

The price action is currently oscillating within a defined trading range. Following the recent elimination of liquidity, a brief downward shift has emerged, hinting at a possible decline toward key support levels.

The 0.93683 mark is serving as a significant resistance, marked by the presence of a bearish order block. A decisive move above this threshold could signal a shift in sentiment, potentially opening the door for upward momentum.

🔼 Potential Buy Opportunity: A sustained close above 0.93683 would be necessary to validate bullish convictions.

From the 0.50995 level, a structural breakdown to the upside occurred, accompanied by substantial buying interest. A retest of this zone might trigger a bounce. To confirm a bearish scenario, a breakdown below 0.50995 would be required, clearing the path for further decline.

🔽 Potential Sell Scenario: A convincing close beneath 0.50995 would be needed to pursue short positions.

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