📉 ADA Down by 8.6%! Is It Time to Buy or Stay Away?
Cardano (ADA) has dropped 8.6% and is currently trading around $0.63. Market sentiment is bearish and technical indicators are showing clear warning signs:
🔻 Key Insights:
MACD: Bearish crossover 🔴
RSI: Near 42 — Slightly bearish zone
All major moving averages flashing SELL ❌
Support: $0.62
Resistance: $0.70+
🚨 Short-Term Strategy (My Take):
If ADA holds $0.62 and bounces with volume → potential short-term long to $0.68–$0.70
If ADA breaks below $0.62 → be ready for $0.58–$0.60 downside
⚠️ Play with tight stop-loss and small position sizing
💬 My Advice:
Don’t rush into trades. Either wait for a confirmed bounce or a clean breakout above $0.70. Be smart. Be safe. Trade with a plan.
