$ADA 📉 Cardano (ADA) Market Check

ADA has dropped around 6% after failing to hold above $0.68. It tested the $0.62–$0.625 support zone and bounced to ~$0.64 — but overall momentum remains bearish.

🔎 Quick Snapshot:

🔸 Trend: Bearish

🔸 Resistance: $0.645–$0.665

🔸 Support: $0.62–$0.60

🔸 RSI: ~38 (approaching oversold zone)

🔸 MACD: Negative on 30m/4h timeframes

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🌍 Why is ADA falling?

1. 💥 Ongoing debate over the $100M treasury proposal for stablecoin liquidity

2. 🐋 Whale selling — over 270 million ADA unloaded by large holders

3. 🌐 Geopolitical tensions — investors are avoiding high-risk assets

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📊 Near-Term Scenarios:

📈 Bounce

• Condition: Hold above $0.62

• Target: $0.65–$0.66

🚀 Breakout

• Condition: Break through $0.665

• Target: $0.68–$0.70

📉 Drop

• Condition: Lose $0.62

• Target: $0.60 → $0.57–$0.50

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🔮 Mid-Term Outlook:

If macro conditions improve, ADA could rally 50%+ toward $1.50–$1.80. However, without a broader altcoin recovery, it may stay range-bound for now.

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💬 What’s your take?

🗳️ Will ADA bounce soon, or is more pain ahead?

Drop your thoughts in the comments 👇

#Cardano #ADA #CryptoAnalysis #BinanceSquare