ADA's weekly momentum is impressive. It has risen about 9% over the past week and is currently hovering around $0.40, attracting traders' attention. Market analysts point out the formation of a multi-year symmetrical triangle pattern, with a solid demand zone between $0.28 and $0.38.

For the bulls, the key is to maintain support above $0.30 — this level sustains the possibility of an upward move. If ADA breaks out of this pattern, the target could significantly rise to $2.60 or even over $10. On the other hand, close attention should be paid to downside risks. If the price drops below $0.28 or if the MACD shows a bearish crossover, it could tilt the short-term bias downward.