0.3 intact is a must for bulls

After the break above the falling wedge at the beginning of the year and the spike above 0.4 resistance in April, AdaUsd fell under 0.3 support and May and made a new local low.
However, XRP news brought optimism also for Cardano and the coin rose strongly and unconquered 0.3, resistance at that moment.
After the spike in the middle of the range, the coin has started to correct and is trading, at the time of writing, at 0.32.
0.3 is a very important figure now and is acting as support at this moment.
Considering that, after the recent low, AdaUsdt formed an ascending triangle pattern on our chart and the recent break above the resistance of the triangle, things are technically bullish.
A test of 0.3 could offer a nice entry for bulls with a 1:2 risk: reward if we consider a test of the upper boundary of the range and a stop loss at 0.25.
However, a daily close under 0.3 would make the recent up break a false one and could lead to a drop, even to a new low.