$ADA
🔥 ADA is at a critical moment again! Although buyers are desperately trying to keep the price above $0.59, short sellers started to dump again on November 3rd, it seems this tug-of-war is not over yet ⚔️.
📉 From a technical perspective, the current target for short sellers is very clear—$0.50 support level. This is a line that bulls must defend at all costs! If this level is broken, ADA could drop all the way to $0.40, and that would be a serious concern 😬.
💪 However, bulls are not to be underestimated. As long as they can pull the price back above the 20-day moving average ($0.637), there is a chance for the market to regain strength 🔥. Once this level is broken, ADA may aim for the critical breakout point of $0.75, at which point short sellers are likely to take action again.
⚡ Summary:
👉 Holding $0.50 = Bottom line secured
👉 Breaking $0.637 = Counterattack signal illuminated
👉 Targeting $0.75 = Key breakout point