#MarketPullback 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 buyer presence at 57.87% - 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: Slowdown 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 price of ADA drops below $0.6820 with significant trading volume, a deeper pullback may follow. The bulls need to intervene quickly, or they risk losing short-term trend strength. Keep a close watch.