$ADA /USDT Bearish Setup: Momentum Weakening Amid Range Retest

📉 Current Price: $0.5991 (-1.98%)

📊 24h High: $0.6217 | 24h Low: $0.5880

🔄 Volume: 132.14M ADA / 79.57M USDT

🕒 Exchange: Binance | Category: Layer 1

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🔍 Technical Analysis

On the 4H chart, ADA/USDT is exhibiting bearish pressure after failing to sustain above the $0.61–$0.62 resistance zone. Price has now retreated to the $0.60 psychological level, hovering just above key support near $0.5880.

🔸 Key Observations:

Lower Highs Formation: Signals weakening bullish momentum and potential trend reversal.

MACD: Bearish crossover below the signal line with fading histogram strength.

RSI: Trending below 50, indicating bearish momentum is in play.

Volume: Declining on bounces, increasing on sell-offs — a sign of distribution.

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📉 Bearish Bias Valid If:

Price breaks below $0.5880, exposing downside targets at $0.56 and $0.535.

Failure to reclaim $0.61 with strong volume and bullish structure.

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📌 Support & Resistance Levels:

Support: $0.5880 → $0.5600 → $0.5350

Resistance: $0.6120 → $0.6210 → $0.6450

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🔔 Conclusion: ADA is at a critical inflection zone. Bears are in short-term control, and a break below $0.588 could confirm a deeper correction. Caution is advised for long positions unless $0.62 is reclaimed with conviction.

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