ADA has successfully rebounded from a key support level within its established trading channel, signaling a potential shift in momentum. Meanwhile, short sellers are facing a squeeze as the price action prompts them to cover their positions, leading to increased volatility. In light of these developments, traders should closely monitor specific indicators, market sentiment, and price patterns to make informed decisions about their next moves in the market.
source: https://blocknews.com/ada-rebounds-from-channel-support-while-shorts-get-squeezed-here-is-what-traders-should-watch-now/