Repeated failed tests of $0.26 on $ADA after a 27% bounce from $0.20 usually signal a coming correction, not the start of a rally.
It's easy to FOMO in at $0.255 expecting $0.30 this week, then get wrecked when it reverses and you don't know when to exit.
$ADA is holding around $0.255 right now after that recovery from $0.20. The buyers have already tested $0.26 several times on the 4H chart and still haven't closed above it. That kind of rejection at resistance tends to build selling pressure.
A 4H close above $0.26 might give it a shot at $0.27 and eventually $0.30 if momentum holds. But a drop below $0.25 could send it straight back toward $0.20, especially with $BTC looking shaky and potentially pulling $ETH down with it.
Where do you think this goes from here if it keeps failing at $0.26?
#Cardano #ADA #Bitcoin
It's easy to FOMO in at $0.255 expecting $0.30 this week, then get wrecked when it reverses and you don't know when to exit.
$ADA is holding around $0.255 right now after that recovery from $0.20. The buyers have already tested $0.26 several times on the 4H chart and still haven't closed above it. That kind of rejection at resistance tends to build selling pressure.
A 4H close above $0.26 might give it a shot at $0.27 and eventually $0.30 if momentum holds. But a drop below $0.25 could send it straight back toward $0.20, especially with $BTC looking shaky and potentially pulling $ETH down with it.
Where do you think this goes from here if it keeps failing at $0.26?
#Cardano #ADA #Bitcoin
