The bad news is that ADA has been in a downtrend since 9/2, so anyone who is still holding from the top has quite a ways to catch up.
The good news is, for those who are looking to enter in low, I would keep an eye on the bottom of the channel and/or the .786 fib area which is where previous resistance would be tested as new support and could be a potential bottom.
This is not financial advice. These are just my ideas and opinions.