ADA has recently experienced a decline of nearly 20% in a week and 14% in a month, attributed to market corrections. Analysts highlight a bullish recovery as a possibility, especially with its stabilization above 1 USD earlier this month.
On-chain analysis reveals a selling wall of 4.3 billion ADA, posing a MAJOR challenge for price recovery. ADA’s price is expected to fluctuate between 0.8 and 1.3 USD, with 0.8 USD as crucial support to sustain its upward momentum.