$ADA /USDT BEARS TAKE CONTROL – WILL SUPPORT HOLD OR BREAK?

Cardano is showing a bearish bias as the price trades at $0.9121 (-1.78%), slipping below the short-term moving average (MA 25 at $0.9193), while still holding above the major support zone near $0.8950. Sellers are gaining strength after repeated rejections near $0.9426 (24h High), signaling potential downside if the current support fails.

Trade Setup

Entry: Short near $0.9120 – $0.9180

Targets (TP):

TP1: $0.8950

TP2: $0.8800

Stop Loss (SL): $0.9300

Market Outlook

If ADA loses the $0.8950 support, we could see further downside toward $0.8800. However, a strong bounce above $0.9300 would invalidate the bearish setup and shift sentiment back to neutral-to-bullish.

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