ADA Eyes Potential Reversal Zone

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ADA trades near $0.65, just below the 0.236 Fibonacci retracement at $0.66, forming an inverse head-and-shoulders pattern on the daily chart.

If ADA closes above $0.66, a breakout could target $0.79, with extended upside zones at $0.83 and $0.89. However, a drop below $0.60 would invalidate the pattern, risking a fall to $0.50 support.