Thoughts on $ADA ⭕⭕

$ADA showing signs of weakness as it completes an inverted V-shape pattern on the daily chart.

This sharp reversal structure often signals buyer exhaustion — and the recent price action supports that narrative.

$ADA is now sitting on a key support zone which aligns with the 50-day SMA (around $0.679). A bounce from here is possible, but if this level fails to hold, the next downside target could be much lower.

Watch this zone closely. If bulls want to regain momentum, they must defend this region and push back above the EMA-9 quickly. Otherwise, further bleed is likely.