ADAUSDT continues to trade inside a textbook ascending triangle on the daily chart, with resistance holding firm at $0.91. A clean breakout above this level could open up targets at $1.01 and $1.10, based on Fibonacci extension levels (0.5 and 0.618). But bulls aren’t out of danger just yet.A worrying drop in exchange outflows—from $40.07M to just $3.56M in under a week—signals fading spot demand. Less ADA is leaving exchanges, hinting at weakening buyer conviction.
Leverage is also stacked dangerously. Over $174M in longs on Bitget sit around the $0.83–$0.85 zone. If ADA slips into that range, a long squeeze could cascade, pushing price action violently downward.
Support at $0.83 remains critical. A breakdown here invalidates the bullish triangle and may tilt momentum sharply bearish.
For now,
ADAUSDT holds pattern structure—but the setup looks fragile. A breakout needs real demand behind it to avoid a failed pump and long liquidation spiral.Indicators to Watch:
Ascending triangle, Fibonacci 0.5/0.618, Long:Short Ratio, Exchange Netflow
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