$ADA / USDT – Facing a Slight Dip After Recent Highs? 🤔
$ADA is currently trading at 0.7030, down slightly by -2.48% today. Looking at the 4-hour chart, we're seeing a bit of a pullback after testing the 24-hour high of 0.7344. Is this a temporary dip or a sign of further correction?
Potential Scenarios:
* Retracement and Rebound: $ADA might find support around the current levels or the 24-hour low of 0.6950 and potentially bounce back upwards.
* Further Downside: If the selling pressure continues and it breaks below the 0.6950 support, we could see a deeper retracement.
Key Levels to Watch:
* Current Price: 0.7030
* Recent High (Potential Resistance): 0.7344
* Recent Low (Potential Support): 0.6950
Keep an eye on how ADA reacts at these key levels. Remember to conduct your own thorough analysis before making any trading decisions. Wishing everyone a mindful Sunday morning from Multan!
