Crypto analyst Ali says Cardano’s (ADA) SuperTrend indicator has turned bearish, flashing a sell signal. The last time a similar signal appeared was May 22, after which ADA’s price fell 46%.
From a technical perspective, $0.21 is currently a key support level and the lower boundary of ADA’s ascending channel. A daily close below this level could signal a breakdown of the channel, with the price potentially falling further to $0.17.
Ali also cautioned that although whales holding 100 million to 1 billion ADA have kept their positions relatively steady over the past 10 days, showing no clear directional bias, a sell signal has now appeared. Going forward, attention should focus on whether the $0.21 support holds and whether whales start reducing their holdings.
Regarding the disclosure that “the last time a similar signal appeared was May 22,” I’m more concerned with the remaining risk and when it was observed. A single large-loss figure cannot represent everyone’s trading results. Leverage amplifies the impact of price movements on margin and profit or loss, so paper performance, realized losses, and the risk still carried by open positions should be considered separately.
Going forward, verify whether positions continue to change, when the disclosure was made, and what the liquidation conditions are. If a position has been closed or margin has changed, its old liquidation level should no longer be treated as a current measure of risk. Which matters more to you: losses that have already occurred, or how much risk the remaining positions still carry?
$ADA
#ADA
From a technical perspective, $0.21 is currently a key support level and the lower boundary of ADA’s ascending channel. A daily close below this level could signal a breakdown of the channel, with the price potentially falling further to $0.17.
Ali also cautioned that although whales holding 100 million to 1 billion ADA have kept their positions relatively steady over the past 10 days, showing no clear directional bias, a sell signal has now appeared. Going forward, attention should focus on whether the $0.21 support holds and whether whales start reducing their holdings.
Regarding the disclosure that “the last time a similar signal appeared was May 22,” I’m more concerned with the remaining risk and when it was observed. A single large-loss figure cannot represent everyone’s trading results. Leverage amplifies the impact of price movements on margin and profit or loss, so paper performance, realized losses, and the risk still carried by open positions should be considered separately.
Going forward, verify whether positions continue to change, when the disclosure was made, and what the liquidation conditions are. If a position has been closed or margin has changed, its old liquidation level should no longer be treated as a current measure of risk. Which matters more to you: losses that have already occurred, or how much risk the remaining positions still carry?
$ADA
#ADA