The analysis starts on the weekly timeframe for ADAUSDT. The analyst needs to see a micro 5-wave move to the upside from a low to indicate that the bulls are taking the lead. The analysis suggests that a short-term upside reversal is possible if such a pattern emerges. Until then, the analysis considers the asset to be a falling knife. The nearest support level is identified at around 39 cents. The current price is around 42 cents. The analyst wants to see a micro 5 wave to the upside.