$ADA / USDT 4H Technical Overview

Cardano (ADA) on the 4-hour chart has formed a descending trend and is approaching the key support zone of 0.62–0.60. A breakout of this zone could lead to an acceleration of the drop down to 0.56.

Scenarios:

• Short: from 0.6650 with targets at 0.63 and 0.60

• Long: from 0.6150–0.6050, on a rebound — targets at 0.6450 and 0.68

We are monitoring the price reaction at the support zone. The market is currently under pressure, but a pullback is possible.

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