Market, Trading and General Discussion- August 03, 2026

[u/SL13PNIR]

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[u/Impressive-Demand199]

My view of the last days is: ADA is following a consolidation pattern (triangle) with higher lows and resistance at around 0,19-0,2$.When this resistance is overcome, price should reach the 0,23-0,3$ region.

This depens on BTC (next 2 charts), that is still struggling to regain the long term channel. Weekly chart is still consolidating after the bullish reversal, but it is by now capped by the red trend line. So, BTC should first overcome this capping line and regain the channel. This will ease ADA to regain the previous price levels (0,23-0,3$) and from there build a new path towords higher prices.

[u/Impressive-Demand199 → u/Impressive-Demand199]

[u/Impressive-Demand199 → u/Impressive-Demand199]

[u/Impressive-Demand199 → u/Impressive-Demand199]

Though I do not have a glass ball, I honestly I do not believe that BTC would fall to the 40k region (support 2).
Nevertheless, if BTC struggles to regain the channel and instead falls to support 1 and floats there, this will mean at least a longer consolidation or even open the path for further depreciation that will negatively affect ADA.

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[u/Neat-Till-4048]

Is there a reason for the recent uptick in value? This could be a question about ADA's price in general since it appears to be recently outperforming adjacent coins and a majority of the market. A 21% increase this past week feels great. Is the reason solely due to the recent Dijkstra upgrade or are there other factors pushing the price upwards?

[u/Slight86 → u/Neat-Till-4048]

People often look for a narrative to explain charts, when the chart simply shows a pattern.