Technical analysis by bwagner33991 about Symbol ADA on 2/6/2023

For the past 24 hours ADA has been sitting at the very bottom of this channel that it's been in since mid-January. If it goes back up to the top from here it would be about an eight percent gain but I'm worried that with all the attempts the past day or so it will eventually break support with the next level around .3830 and down from there. Any thoughts?