ada cardano daily analsisCardano / TetherUSBINANCE:ADAUSDTdrkhashixADAADA Daily Analysis On the daily timeframe, ADA remains in a downtrend after several months of forming lower highs and lower lows. However, it has now reached one of its most important support zones around $0.16. Interestingly, as price hits this level, most oscillators have entered oversold territory: RSI, MFI, CCI, and Stochastic are all in the oversold zone. Such conditions are typically seen near medium-term bottoms, not in the middle of a trend. Possible scenarios: 🟢 50% probability: Formation of a temporary bottom and a rebound toward the $0.18 – $0.22 range. 🟡 25% probability: Several weeks of consolidation and ranging between $0.15 and $0.18 to gather liquidity. 🔴 25% probability: Break of $0.16 support and a move toward the $0.13 area. The key point right now is that downside risk has decreased significantly compared to a few months ago, while the potential for a bullish corrective move is increasing. My personal view: This zone looks more like an accumulation area than a distribution area. Dr. Khashix loves you all. #ADA #Crypto #Cardano