#MarketPullback arketPullback #MarketPullback
Critical support is under attack!
Price Update:
The ADA/USDT pair has dropped from $0.6865 to $0.6839, down -1.13% as selling pressure begins. The trading volume is 1.14 million on this 15-minute candle, and the order book shows a 57.87% presence of buyers - but this is not enough yet to stop the pressure. Current price: $0.6839
Range: Strong rejection from $0.6865, now testing the $0.6828 area
Relative Strength Index: Slowing down on lower timeframes, indicating a potential decline in the short term
Key support levels:
• $0.6820 (Immediate bounce area)
• $0.6785 (Strong base area - must hold)
Key resistance levels:
• $0.6860 - $0.6885 (Rejection area)
• $0.6900 and above (Requires a breakout for trend reversal)
If the ADA price falls below $0.6820 with high trading volume, a deeper pullback may follow. Bulls need to intervene quickly, or they risk losing short-term trend strength. Keep a close watch.