$ADA : Compression Before the Break

Cardano (ADA) is trading within a narrow range between $0.627 and $0.645, currently at $0.632. Price action is showing signs of exhaustion, and a breakout may be approaching.

📉 Technical Setup:

On the 4H chart, ADA is forming lower highs after a bounce from $0.6168.

MACD remains bearish but is beginning to flatten — a possible momentum shift.

MA(5) is still below MA(10) across multiple timeframes, confirming local downward pressure.

📊 Futures Data:

Long/Short ratio > 2.6 — long bias among traders may lead to a liquidation move.

Open interest is declining, indicating hesitation or positioning ahead of volatility.

📌 Trading Signal:

Short entry if price breaks below $0.627 — target $0.610, stop $0.636.

Long entry only above a confirmed breakout at $0.645 — target $0.665–0.675.

The market is in wait-and-see mode, but once ADA exits this tight channel, volatility will likely follow.