๐ฅ$ADA SHOWDOWN: $0.50 HOLD OR $0.40 SLIDE?
Key Levels Every Trader Must Watch! ๐จ
Cardano $ADA is testing critical levels! Hereโs the breakdown:
โ Sunday bounce from $0.50 support โ but bulls now face a major test at moving averages!
Two Possible Scenarios:
โ ๏ธ IF REJECTED at 20-day EMA
โ Suggests bears are selling every rally โ risk of breaking $0.50 support โ potential drop to $0.40.
๐ IF BULLS BREAK 20-day EMA ($0.61):
โ Rally toward 50-day SMA ($0.69) possible โ sellers may defend this zone HARD.
โ BREAK ABOVE $0.69 + downtrend line? = Potential trend reversal signal!
Levels to Track:
๐ก๏ธ Support: $0.50 (make-or-break!) โ $0.40
๐ฏ Resistance: $0.61 (20-day EMA) โ $0.69 (50-day SMA)
Stay alert โ ADAโs next move is critical! โ๏ธ๐