$ADUR: Breakout Looming From a Tightening Squeeze

The $ADUR chart is displaying a textbook setup—price action compressed within a converging wedge pattern with multiple resistance levels stacking up. After three consecutive rejections at the $12.18 mark, the squeeze is tightening. The chart tells an interesting story: bears and bulls are locked in a standoff, each testing their resolve. The wedge pattern typically resolves with a sharp directional move once the price breaks either boundary. Right now, $ADUR sits at a critical juncture. The confluence of resistance isn't random—it's where significant selling pressure has met buying interest repeatedly. This leaves traders watching closely: which way will the breakout lean? The setup is classic, and the next few candles should signal intent. Whether $ADUR breaks upside with conviction or cascades lower will determine the next leg of price discovery.