Technical analysis by Magic_xD about Symbol ADA on 8/13/2025

The ADA/USDT chart shows the price currently around 0.878, testing a long-term downtrend line (pink) extending from the 2021 all-time high. The price is moving within colored Fibonacci channels and is now near the upper boundary of its current channel. A breakout above the downtrend could open targets toward 1.00 and 1.40, while a rejection could send the price back to test support levels around 0.66 – 0.60.