ADA, a global view

We have said in past ideas that bitcoin can fall and the best place to buy is in the fundamental value zone. At $24K and below, that is the best buying opportunity. Buying altcoins in that area is also a good opportunity.

The ADA chart shows a trading range of $1-$1.5. The price is in this range. But I would also note that the price is squeezing near the lower boundary of the trading range. And this is not a very positive signal. In the case of a breakout and a candle closing below the $1 level, the price could correct very strongly. This is also indicated by the liquidity gap.

The best area to buy marked at the bottom of the chart.

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