🔻 $ADA /USDT – Slips Below Mid-Band! Cardano Losing Grip on Key Support?

$ADA faces pressure after rejecting the upper band — short-term bearish momentum building! ⚠️📉

📍 Current Price: $0.5559 (−2.47%)

📈 24h High: $0.5751

📉 24h Low: $0.5488

🔁 24h Volume: 95.03M ADA / $53.15M USDT

🔥 Category: Layer 1 | Traders League

📊 Bollinger Bands (20,2):

🔹 Upper Band (UP): $0.5616

🔹 Middle Band (MB): $0.5577

🔹 Lower Band (DN): $0.5537

📉 ADA is now trading below the mid-band, signaling short-term trend reversal pressure.

🎯 Bearish Setup – Short-Term Scalp Idea

🔴 Entry Zone:

$0.5560 – $0.5610 (resistance area / failed bounce)

❌ Stop Loss:

$0.5655 (breakout above upper BB)

📉 Target 1:

$0.5537 (Lower Bollinger Band)

📉 Target 2:

$0.5480 – $0.5488 (24h support zone)

📉 Target 3 (Extended):

$0.5400 (psychological round number + historical demand)

🧠 Pro Tip:

Price action below mid-band = short-term bearish control

Rejection from $0.5751 confirms local top

Good scalp for traders targeting 2–5% pullback range

⚠️ Invalidation: Bullish breakout above $0.5655 would flip trend to continuation mode.

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