Previously ADA briefly broke beneath the 200DMA and after recovering was sent into a rally of 195%. It is currently set up in a similar situation. The RSI was also, as is now, completely bottomed out. Another 195% rally from here would have ADA breaking the rising channel's resistance and possibly onto the 361.80% Fib Extension if the bulls can take back the line. The 361.80% of the Fib Extension would put ADA a little over $5!
Comment:
Correction in description... 161.80% of Fib Ext not 361.80%*