🚨 $ADA /USDT – Strong Rejection from $0.6507! Bears Push ADA Below Key Levels 🚨

Cardano dropped sharply after tapping $0.6507, now trading at $0.6214 (+0.96%). The chart shows a quick reversal with a breakdown through multiple intraday support levels, signaling a shift in control toward sellers.

24H Stats:

High: $0.6507

Low: $0.6141

Volume: 106.02M ADA / $67.45M USDT

Chart Insight:

A clear bearish engulfing pattern formed after ADA failed to maintain the $0.645 zone. The 15-minute timeframe shows a sharp drop with little bullish defense, indicating fading momentum and possible retest of the daily low.

Trade Signal – SHORT SETUP ALERT:

Entry Zone: $0.6230 – $0.6280

Target 1: $0.6100

Target 2: $0.5980

Final Target: $0.5820

Stop Loss: $0.6385

Why Short?

Failure to hold breakout gains above $0.645 followed by increasing red volume bars shows dominant sell-side activity. If $0.614 fails, momentum could accelerate downward.

Pro Tip:

Watch for consolidation under $0.630 to confirm weakness before full position entry. Quick partial exits advised near $0.610 on strong volatility.

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