🚨 $ADA Price Watching Alert 🚨

Current Price: $0.6289 📉

4H Chart shown acute drop from $0.7315 to a local low of $0.6131. Price bounced slightly and we are currently testing the resistance of the 7MA line.

📊 Trend Summary:

Short: Bearish market pressure following a large sell-off

Support: $0.6131

Resistance: $0.6332

Volume Spike: Indicates recent strong selling, but current candles is exhibiting lack of momentum

🧠 Traders watching ADA should be cautious — a rejection from the MA(7) could lead to retest the support once again. A clear breakout of MA(25) could turn the short-term sentiment around.

📉 Bearish volume pressure: 52.89%

📈 HODLers still up 54.76% YoY

Another dip, or is this the beginning of a deeper correction?