Cold winds blowing in news, death cross pressure from the technical aspect, the support level at 0.63 is already the last cover for ADA bulls!

News aspect: Pile of bad news, aftershocks from whales dumping have not dissipated.

  1. ETF speculation retreat: Grayscale's Cardano spot ETF application heat has dropped sharply. After a brief spike to 0.82 dollars, ADA quickly fell back to 0.76 dollars, with trading volume surging by 48% alongside the price drop, exposing the risk of increased profit-taking pressure.

  2. Whales continue to sell: In late April, a giant whale sold 150 million ADA worth about 110 million dollars, putting short-term liquidity under pressure. On-chain data shows a BoP strength balance indicator of -0.54, indicating that bears completely control the situation.

  3. Ecological benefits hard to save the market: Although there is an upgrade to the withdrawal function and progress on Hydra expansion, the market reaction is tepid—once again, the script of 'buying the expectation and selling the reality' is playing out.

Technical aspect: Death cross opening, downtrend channel sealed.

Four-hour K-line: Six consecutive bearish candles pierced the key support at 0.65, with a low reaching 0.6174. The Bollinger Bands are opening downward + the price is at the lower band, a typical signal for accelerated decline.

MACD death cross reinforced: DIF 0.0121 continues to be below DEA -0.0041, green bars expanded to -0.0161, bearish momentum has not weakened, rebound is a selling opportunity.

Key level defense: 0.63-0.65 is the lifeline for bulls and bears. If it breaks below the 0.60 support, the target is directly aimed at 0.53 dollars.

Big D highlights: BTC fluctuates at 105,000 dollars, but altcoins are bleeding heavily—ADA's weakness of falling with the market but not rising is the 'original sin' in a bear market.

Want to catch the next rebound? Keep an eye on tonight's US CPI data + the movements of ADA whales on-chain.

Still troubled by the levels? Focus on the support from Big D's professional team for precise analysis of level strategies.