$ADA chart is showing a pretty familiar story for a lot of altcoins right now. 💥

After a nice rally that took it up to a recent high of $0.9373, ADA is now in a pretty serious pullback. The price is currently at $0.7261, which is a drop of over 7% in the last 24 hours. Ouch.

* The Pullback: The big red candles after the peak are a clear sign of profit-taking and a shift in momentum.

* Moving Averages (MAs): This is where it gets critical.

* The price has dropped below the MA(7) at $0.7795 and the MA(25) at $0.7721. This is a major bearish signal and shows the short-term trend has been broken.

* The next key level to watch is the MA(99) at $0.7009 (the purple line). The price is getting really close to this longer-term support line.

* The Volume: The volume bars show a lot of green during the pump, but the recent red candles are also on significant volume. This means a lot of people are selling, which adds to the downward pressure.

My Take:

This is a critical moment for #Cardano . The big question is whether it can find support at the MA(99) level. If it holds, it could be a sign that this is just a healthy correction before the next leg up. But if it breaks below that $0.70 level, we could see a deeper drop and a full trend reversal. For now, it’s a good time to be cautious and see how the price reacts at that major support level. 🤞

#TrumpTariffs #MarketPullback #SECProjectCrypto #WhiteHouseDigitalAssetReport $BTC