In spite of dropping 6.5% today, ADA is still up 17% over the week. This is due to the fact that it surged strongly on Friday as it climbed up from $1.85 to break $2.00 and struck $2.15. It continued Saturday to reach as high as $2.28, where it lastly rolled over.
On Monday, ADA dropped from $2.20 to strike $2.08, and it continued further yesterday as it fell beneath $2.00 to strike $1.90. Today, ADA surged as low as $1.87, where it discovered assistance at a. 382 Fib and has rebounded.
The market was extremely overbought prior to the rollover, and a retracement is always expected when the bulls end up being overextended like this.