$ADA – RECOVERY LOSING STEAM, BEARS EYE $0.9200
$ADA surged from $0.8817 to $0.9643 but is now struggling to hold gains, with repeated rejections near $0.9430. Price is currently trading at $0.9320, showing signs of buyer exhaustion as volume tapers off. A drop below $0.9300 could trigger further downside toward $0.9198 and $0.9107 in the short term.
Trade Setup – Short Position
Entry: $0.9320–$0.9360
Targets: $0.9198, $0.9107, $0.9050
Stop-Loss: $0.9435
Failure to reclaim $0.9430 will keep bearish momentum in play, while a close above $0.9435 may invalidate this setup.
