ADA Short-term Critical Situation: Can it hold at 0.60? The warm winds of news cannot withstand the cold current of technical analysis

“The warm winds of news blow frequently, while the cold rain of K-line continues unceasingly—ADA is struggling in the crevice between 'optimistic expectations' and 'cold reality'!”

News: Good news is frequent but it’s still too early to take effect

  1. Nasdaq Index Inclusion: In early June, Cardano was officially included in the Nasdaq Crypto Index, paving the way for traditional capital to enter, which is a long-term benefit for institutional allocation demand.

  2. Leios Upgrade Expectations: The parallel pipeline technology will land in mid-year, increasing throughput may attract ecological developers, but the short-term price weakness is hard to resolve.

  3. Whale Selling Pressure Not Resolved: After large holders sold 150 million ADA in April, on-chain funds are still showing a net outflow, lacking new liquidity support.

Technical Analysis: Bears dominate, critical level is a matter of life and death

Four-hour Chart Breaks Downward:

Bollinger Bands: Opening downward, price is clinging to the lower band at 0.6127, oversold but no rebound momentum, a typical bearish trend.

MACD Death Cross: DIFF is below DEA, green bars are decreasing but have not turned into a golden cross, bear momentum still controls the market.

Key Support: 0.60-0.62 is the psychological defense line, losing it will see a drop to 0.55; resistance at 0.70-0.74 is the dividing line between bulls and bears.

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