๐จ $ADA ALERT: Pullback Underway โ Are the Bears Back? ๐จ
Cardano ($ADA ) started a downtrend from $1.020, and the charts are flashing bearish signals. โ ๏ธ Could $0.80 be the next stop?
๐ Current Snapshot:
Price dipped below $0.90 & the 100-hour SMA
Negative trend line resistance: $0.940
Immediate resistance: $0.880 โ $0.940
Key support levels: $0.840, $0.825, $0.780
๐ฅ Upside Potential:
If ADA breaks $0.940, bulls could push toward $1.00 โ $1.05.
โก Bearish Case:
Failure to breach $0.940 could drag ADA lower to $0.840 โ $0.825, and potentially test $0.80.
๐ Tech Check:
MACD in negative zone
RSI below 50 โ bears have the edge
The next moves could define Cardanoโs short-term trend. HODLers and traders, eyes on the chart! ๐
