CARDANO $ADA ) REJECTING UPPER RESISTANCE! ARE BEARS TARGETING $0.2400 NEXT?
Pair: $ADA /USDT
Direction: SHORT
Entry Price: 0.2512
Target Levels (Take Profit)
TP 1: 0.2470 1.67%
TP 2: 0.2442 2.79%
TP 3: 0.2400 4.46%
Stop Loss
SL: 0.2568 (+2.23%)
Technical Breakdown
Price Action & Structure: ADA ($0.2511) experienced a sharp upward spike into local supply resistance near $0.2600 before instantly meeting aggressive sell orders. The long upper wick confirms strong resistance overhead, signaling a potential retracement back toward intermediate consolidation support.
While price remains above short-term MA 7 and MA 25, the rejection from the upper Bollinger Band indicates momentum exhaustion. A break below $0.2500 opens the pathway toward testing baseline MA 99 (~0.2440–0.2400), which aligns directly with the TP2 and TP3 profit zones.
RSI (14) tapped overbought territory above 70.00 and has started curling downward, signaling buyer momentum saturation. The MACD histogram shows volume flattening out with momentum lines slowing down, opening the door for a bearish convergence phase.
$ADA
Pair: $ADA /USDT
Direction: SHORT
Entry Price: 0.2512
Target Levels (Take Profit)
TP 1: 0.2470 1.67%
TP 2: 0.2442 2.79%
TP 3: 0.2400 4.46%
Stop Loss
SL: 0.2568 (+2.23%)
Technical Breakdown
Price Action & Structure: ADA ($0.2511) experienced a sharp upward spike into local supply resistance near $0.2600 before instantly meeting aggressive sell orders. The long upper wick confirms strong resistance overhead, signaling a potential retracement back toward intermediate consolidation support.
While price remains above short-term MA 7 and MA 25, the rejection from the upper Bollinger Band indicates momentum exhaustion. A break below $0.2500 opens the pathway toward testing baseline MA 99 (~0.2440–0.2400), which aligns directly with the TP2 and TP3 profit zones.
RSI (14) tapped overbought territory above 70.00 and has started curling downward, signaling buyer momentum saturation. The MACD histogram shows volume flattening out with momentum lines slowing down, opening the door for a bearish convergence phase.
$ADA
