$ADA 📉price recently dropped ~17% in a week, trading inside a bearish channel, signaling short-term downside pressure. Daily candles show lower highs/lows.
On-chain selling pressure has cooled sharply — fewer coins moving suggests panic selling is reducing.
Earlier price declines brought ADA toward key local support zones (~$0.30). If daily closes stay under these, further weakness may unfold.
$ADA 👉 #Cardano (ADA) Update — Feb 3, 2026
📉 ADA faced a ~17% weekly drop and is trading inside a bearish channel, with key support around $0.30–$0.32.
🛑 Resistance: $0.44 / $0.53 / $0.72 / $0.88+
🟢 Support: $0.37 / $0.30 / $0.28
⚠ Bearish if below $0.30 — risk to $0.18.
🔁 Bullish break above $0.53–$0.57 could spark recovery.
📊 On-chain selling has cooled — watch volume & trendline breaks!
📌 Not financial advice. Always DYOR and manage risk!
Trade Here On
$ADA #StrategyBTCPurchase #binancediscover