Cardano ($ADA) surged +4.88%, but the momentum is fading fast! Price is struggling near the $0.8643 resistance with decreasing volumeāsigns of a possible bearish reversal.
Current Snapshot:
Price: $0.8321
24h High/Low: $0.8643 / $0.7813
Volume: 195.96M ADA / $161.72M USDT
Short Setup:
Entry Zone: $0.8400ā$0.8600 (wait for rejection at resistance)
Targets:
TP1: $0.8120
TP2: $0.7850
TP3: $0.7610
Stop Loss: $0.8690
Technical Highlights:
Lower highs on 1H & 4H charts
Weak price momentum
A breakdown below $0.8200 with volume = bearish confirmation
Pro Tip:
Watch for clean rejection near $0.8600 OR
Enter after a solid drop below $0.8200 with strong volume
Use a tight SL and trail your profits!
Will $ADA revisit its weekly support? Letās see!
