$ADA Rejection From $0.28 Top, Pullback In Progress?
Cardano is trading at $0.2226 right now, +2.39% today. 24H High $0.2266 / Low $0.2145 with solid volume — 620.80M ADA / $136.53M USDT.
Looking at the 1D chart, this tells the whole story. ADA bottomed at $0.1381 on June 23, rallied hard to $0.2886 and then again to $0.2825 last month — double top forming near $0.28-$0.288 zone. Now we are correcting to $0.2226.
Performance wise: Today +0.68%, 7 Days -6.04%, 30 Days -1.77%, but 90 Days still +26.69%. So short-term pullback, medium-term uptrend still intact. 1 Year is still -66.47% down from highs.
Orderbook / Sentiment: Funding is neutral at 0.00924% — no crowded longs. Long/Short 48.79% / 51.21% — slightly bearish lean but balanced. Resistance right above at $0.2230-$0.2231 with ∼550K+ USDT asks stacked.
My take:
This looks like a healthy pullback after rejecting $0.28 resistance twice. I'm not chasing long here in the middle.
For longs, I want to see $0.2145 24H Low hold. If we lose it, $0.1944 and then $0.184 support is next. For bullish continuation, we need a daily close back above $0.2266 then reclaim of $0.2580.
My plan: Wait for a sweep of $0.2145 or a bullish reclaim of $0.2266. No FOMO at $0.2226. Risk is tight if we break yesterday's low.
Are you buying this ADA dip or waiting for $0.19 support?
#ADA #Write2Earn #EarningsSeason #SwitzerlandApprovesFirstBitcoinETF #SkyAISellsAllSOLAndLaunchesCashTenderOffer
Cardano is trading at $0.2226 right now, +2.39% today. 24H High $0.2266 / Low $0.2145 with solid volume — 620.80M ADA / $136.53M USDT.
Looking at the 1D chart, this tells the whole story. ADA bottomed at $0.1381 on June 23, rallied hard to $0.2886 and then again to $0.2825 last month — double top forming near $0.28-$0.288 zone. Now we are correcting to $0.2226.
Performance wise: Today +0.68%, 7 Days -6.04%, 30 Days -1.77%, but 90 Days still +26.69%. So short-term pullback, medium-term uptrend still intact. 1 Year is still -66.47% down from highs.
Orderbook / Sentiment: Funding is neutral at 0.00924% — no crowded longs. Long/Short 48.79% / 51.21% — slightly bearish lean but balanced. Resistance right above at $0.2230-$0.2231 with ∼550K+ USDT asks stacked.
My take:
This looks like a healthy pullback after rejecting $0.28 resistance twice. I'm not chasing long here in the middle.
For longs, I want to see $0.2145 24H Low hold. If we lose it, $0.1944 and then $0.184 support is next. For bullish continuation, we need a daily close back above $0.2266 then reclaim of $0.2580.
My plan: Wait for a sweep of $0.2145 or a bullish reclaim of $0.2266. No FOMO at $0.2226. Risk is tight if we break yesterday's low.
Are you buying this ADA dip or waiting for $0.19 support?
#ADA #Write2Earn #EarningsSeason #SwitzerlandApprovesFirstBitcoinETF #SkyAISellsAllSOLAndLaunchesCashTenderOffer