ADA Slides 2.16% Below Key Support as Accumulation and Network Growth Signal Recovery Potential
Cardano (ADA) is currently trading at $0.6757 on Binance, reflecting a 2.16% decline over the past 24 hours from a 24h open of $0.6906, as the asset continues to experience downward pressure following a break below key support levels and recent sideways consolidation. The recent price decrease is attributed to broader market uncertainty, profit-taking after May's highs, and technical weakness as ADA fell below both the 20-day and 50-day exponential moving averages, while ongoing accumulation by large investors and long-term network growth—including over 2,000 supported projects and 1.33 million delegated wallets—suggest potential for future recovery.
🚨🚨🚨Shorting #GMX Here
Short(5x-10x)
Entry: 14.762$ - 15.234$
Reason: Break down of traingle pattern. Below strong support zone. Chart looks bearish for it. Worth shorting for short term quick profits too.
Targets: 14.200$, 13.800$, 13.400$, 13.000$, 12.200$, 11.400$, 10.700$, 10.000$
Stoploss: 15.800$
$GMX
{future}(GMXUSDT)
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$DOGE /USDT – DOGECOIN TESTING BOTTOMS, IS A BOUNCE BREWING?
$DOGE has been stuck in a steady downtrend, tapping a low of $0.1855 on the 4H timeframe. While the momentum remains weak, the price is now attempting to stabilize between $0.185 and $0.193. If bulls manage to push above this tight range, a minor relief rally could follow.
📊 Trade Setup (Speculative Bounce Play)
• Entry Zone: $0.189 – $0.191
• TP1: $0.195
• TP2: $0.203
• TP3: $0.209
• Stop Loss: $0.183
If DOGE closes above $0.195 with increasing volume, the short-term trend may shift bullish. Until then, it remains a risky bottom play for disciplined traders.