ADA/USDT โ BLOOD IN THE WATER ๐ฉธ๐
Another major altcoin gets slaughtered โย down 11.20% today,ย -56.60% in 90 days, andย -69.17% in 180 days. This is a classic capitulation candle.
Chart Breakdown:
Price just sliced throughย MA60 at 0.2488ย โ a key long-term support level is now broken.
Volume:ย 42Kย vs MA(5) volume ofย 295Kย โ shows low interest at these levels, which can mean further downside.
No strong supportย until possiblyย $0.235โ0.240 zone.
Levels to Watch:
Resistance:ย 0.2520โ0.2530 (previous support turned resistance)
Support:ย 0.2450 (minor), thenย 0.2350ย (next psychological level)
Breakdown target:ย 0.2400 โ 0.2350 if selling continues.
Trade Setup โ Bearish Continuation:
Shortย on a retest ofย 0.2500โ0.2520ย with rejection.
SL:ย 0.2550
TP1:ย 0.2450
TP2:ย 0.2400
TP3:ย 0.2350
$ADA Could ADA Bounce?
Only if itย reclaims 0.2550 with strong volumeย and holds above MA60. Until then โ every pump is a sell signal.
Final Word:
This is not a buy zone. This is aย breakdown in motion. Protect your capital.
#ADA #Cardano #Breakdown #Capitulation #BukhariTech