$ADA /USDT BEARISH BREAKDOWN — MORE PAIN AHEAD IF SUPPORT FAILS!
Cardano is currently trading at $0.6724, having broken below the critical horizontal support zone near $0.6800. This breakdown signals further downside pressure as buyers fail to reclaim the level. With a clean rejection at the retest, bears are likely to stay in control in the short term.
Trade Setup:
Short Entry: $0.6720 - $0.6750
Take Profit (TP): $0.6424
Stop Loss (SL): $0.6893
Outlook:
The market structure has shifted bearish after multiple rejections from the resistance zone. With momentum pushing downward and no strong demand zone nearby, ADA looks set to retest the lower support levels. Risk management is crucial as volatility increases.