Is ADA doing ok?
Breaking below that support was not great for the bulls...either is the current rejection ATM of this. If this level stays flipped this retest could be a throw back to test for interest at this area. If rejected, could see a 1$ retest minimum im thinking so it can test the low of the range. Bulls want to reclaim this level as support and move away ASAP. MO. This could be just a sweep of the low before moving higher, so again it would start off by moving up and away from here. There are some bullish div on the 4 HR rsi and on the Elliott wave side a bit unclear for me but looks like the last move came down in a 3 wave so looking for clarity.
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