$ADA Swift Breakdown from $0.7300, Eyes on Key Support at $0.7150
ADA faced a strong rejection after testing the $0.7350 zone and quickly broke through short-term support near $0.7250. A high-volume red candle confirms bearish control, and the price is now hanging just above the critical $0.7200–$0.7150 support region.
Key Levels to Watch
Resistance Zone:
• $0.7300 – Local supply pressure
• $0.7350 – Key breakout point
Support Zone:
• $0.7200 – Holding zone
• $0.7150 – Make-or-break support
Trade Setup – Breakdown Acceleration or Bear Trap?
Bullish Entry: Reclaim and hold above $0.7300
• Target 1: $0.7350
• Target 2: $0.7430
Bearish Entry: Close below $0.7150
• Target 1: $0.7100
• Target 2: $0.7050
Unless bulls step in swiftly, ADA may slide deeper into the $0.7100 territory. Watch volume closely for signs of exhaustion or continuation.