0.61 USD Standoff! ADA Bulls Struggle to Hold Pressure, But Is This Structure Still "Crooked"?
Cardano (ADA) is currently caught in a "tug-of-war mode." Bulls are desperately trying to hold the 0.61 USD support level, which has become the key point of the entire structure.
In the past few days, the ADA price has repeatedly bounced back and forth in the 0.60 - 0.63 USD range, with buying pressure gathering here, indicating that someone is continuously accumulating. The demand zone is being constantly solidified, but this is just tactical defense, not a strategic victory.
Where is the problem?
If it can't break above 0.74 USD, the technical situation can't turn around.
Every time it breaks resistance, it pulls back, and the structural "false strength" is too obvious.
The Super Trend indicator has turned green, indicating that the sellers are gaining the upper hand.
However, the short term is not entirely dark —
RSI has bounced from the bottom, and the expectation for a rebound is increasing;
If it can break through 0.69 USD, there is a chance to challenge the 0.73 USD level.
But remember: no matter how much it bounces, as long as it can't stand above 0.74, the overall pattern remains bearish.
