$ADA Breakdown Confirmed or Fakeout Trap? $0.8560 Holds the Line
ADA/USDT is trading at $0.8618, down sharply by -7.59%, after getting rejected near $0.8800 multiple times. Price is now hovering just above the key support zone of $0.8560, a level that could decide whether the correction deepens or reverses.
Key Levels to Watch
• Resistance Zone: $0.8720 – $0.8800
A recovery and breakout above this zone could spark a relief rally toward:
• Target 1: $0.8950
• Target 2: $0.9150
• Support Zone: $0.8560 – $0.8520
A breakdown here could accelerate the downside, targeting:
• Target 1: $0.8380
• Target 2: $0.8200
Volume Insight
With volume at 4.23M and climbing on red candles, selling pressure is dominant. Bulls need to step in around $0.8560 to avoid further losses.
Trade Setup
Bullish Entry
• Entry: Reclaim above $0.8720
• Target 1: $0.8950
• Target 2: $0.9150
• Stop Loss: Below $0.8520
Bearish Entry
• Entry: Break below $0.8520
• Target 1: $0.8380
• Target 2: $0.8200
• Stop Loss: Above $0.8680
ADA is skating on thin ice. If the $0.8560 support zone cracks, bears may take full control. If defended, it could trap shorts and send ADA sharply higher. Stay ready for volatility.