$ADA /

USDT BEARISH BREAK BELOW SUPPORT SIGNALS POTENTIAL DOWNSIDE MOVE

Immediate Market Explanation:

Cardano ($ADA/USDT) has broken below a key short-term support at 0.5500, with price currently hovering around 0.5475, reflecting a -1.55% decline. The inability to hold above 0.5562—a near-term base—alongside sustained lower highs and selling pressure, indicates bearish momentum. If sellers maintain control below 0.5500, the pair could test deeper support levels.

Trade Setup:

Short Entry: 0.5470 – 0.5500

Take Profit (TP): 0.5300 / 0.5225

Stop Loss (SL): 0.5565

Market Outlook:

The trend remains bearish in the short term, with downside potential as long as ADA remains under the 0.5560-0.5600 resistance zone. A daily close below 0.5400 would confirm continuation toward the next support zones near 0.5225. Watch for volume spikes and possible rejection from lower resistance for confirmation of trend.

#Cardano #CryptoTrading #ADAUSDT #TechnicalAnalysis #BearishTrend

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