ADA/USDT – Cup & Handle Perspective

Hello guys!

Currently, the chart is showing the formation of a potential cup and handle pattern. The rounded bottom of the cup has already developed, suggesting that market participants are gradually regaining buying interest after the recent decline.

However, it’s important to note that:

• The handle has not yet formed, and
  
• A breakout confirmation is still missing.
  

This means the pattern is not yet validated —> it’s only a perspective and assumption at this stage. For the setup to confirm, we would need:

• A consolidation forming the handle, and
  
• A clean breakout above the neckline area.
  

If the breakout occurs with solid volume, the measured target of the pattern could push the price toward the $1.00 level, which also aligns with psychological resistance.