ADA/USD - Flat trend. Price to bounce between levels.

ADA has remained very strong during the dump in May and has re-confirmed it's previous resistance as support. This is good and a sign of strength.

For now, the indicators are rather flat on a decreasing volume, so don't expect more than a bounce between resistance and support. Watch closely ETH and BTC as their price action will determine where the market goes next. For now ADA is consolidating nicely above support.

We can also expect a re-test of $2 as on daily ADA is turning bullish, a break above that resistance may lead to a new ATH, but for now we need to be patient. Short term, bias is bullish. Also watch for a possible rejection at $2, that can push us back to support.

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