$ADA USDT BEARS TEST KEY SUPPORT AS MOMENTUM COOLS DOWN
The $ADAUSDT daily chart shows price retreating to $0.816 after failing to hold above $0.87. Parabolic SAR dots are above price, confirming a bearish trend. The next key support is around $0.78–$0.79; a sustained close below this level could invite further downside. However, if bulls defend $0.80, a short-term bounce toward $0.85–$0.87 remains possible.
Trade Setup:
Short Entry: $0.815 – $0.820
Take Profit (TP): $0.790 / $0.771
Stop Loss (SL): $0.845
(Alternatively, aggressive traders may look for a long bounce entry near $0.790 with TP $0.850 and SL $0.770.)
Market Outlook:
ADA is under pressure after a recent rally and is currently testing a key support zone. Trend remains bearish below $0.85, but a sharp bounce from $0.79 support could trigger a relief rally.
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