$ADA Breaking Support – Deeper Drop Ahead?
$ADA is currently trading at $0.7070, slicing through key support levels with strong bearish pressure. Sellers are dominating the flow, and a further drop looks highly likely unless bulls quickly step in.
Key Levels to Watch:
Resistance Zone:
• $0.7200 – $0.7300
A reclaim above this zone could trigger a small recovery, but momentum is weak for now.
Support Zone:
• $0.7040 – $0.6900
If price fails to bounce here, ADA could slide deeper into the next major support zones.
Trade Setup – Trade Smart:
Bearish Scenario:
Entry on confirmed breakdown below $0.7040
• TP1: $0.6900
• TP2: $0.6750
• Stop-Loss: Above $0.7200
Bullish Scenario:
Entry on breakout above $0.7300
• TP1: $0.7450
• TP2: $0.7600
• Stop-Loss: Below $0.7040
Volume spikes on red candles signal strong downside force. Manage risk tightly and avoid guessing bottoms without clear confirmation.