ADA/USDT - Simple 4H Analysis with Potential Upside
As crypto rallies off the back of the government shutdown, ADA has convincingly reclaimed a critical Point of Control (POC) at $0.8215. That means the heaviest traded level from the last down-leg couldn't reject price -- a bullish sign.
Now ADA is pressing into resistance: a high-volume node overlapping with the 61.8% retracement of the down-move.
Adding to the bullish bias is the 4H Fair Value Gap (FVG $0.8114-$0.8323), which aligns neatly with the POC. But note: candles are shrinking on this grind higher, hinting a pullback may come first. That FVG is the zone to watch if it does.
š Levels to watch
Key takeaway: ADA could retrace from here or a little higher at the 61.8% retracement, where volume-backed resistance sits. If it does, keep an eye on the FVG/POC support to provide a bounce and set up a test of the VAH -- a critical level as it aligns with the weekly trendline.