ADA - supply shock - 2.3 USD target after pullback

While almost 72% of ADA is being staked, higher trading volume in an uptrend leads to a strong price increase. If you have missed out on this leg, you could wait for a pullback to the 1.5 - 1.6 USD region and enter here again. The channel with the upper line at 1.50 has been broken and could see a retest. Potential target is the previous high at 2.3 USD.

This is not trading advice. Happy trading!