📉 $ADA

Breakdown Alert – Bears Take Control! ⚠️

Cardano has officially broken down from its rising wedge structure, signaling a potential short-term trend reversal. The price failed to reclaim the critical resistance at 0.6192, where supply pressure remains dominant, pushing ADA lower.

🔻 Rising Wedge Breakdown Confirmed

ADA’s inability to sustain the bullish trajectory has led to a technical breakdown, with price action now targeting lower support zones.

📌 Key Rejection Zone: 0.6192

📉 Current Price Action: Testing lower trendline support near 0.6140

🔹 Short Setup Active

Entry: 0.6141

🎯 Profit Targets:

• TP1: 0.6100

• TP2: 0.6060

• TP3: 0.6006

🛑 Stop-Loss: 0.6192

📊 Outlook: With bearish momentum building and the wedge breakdown in play, this setup favors further downside unless bulls can reclaim lost ground fast. Keep an eye on volume and support reactions for possible bounce or breakdown continuation.