Crypto enthusiast & trader. Sharing insights, analysis & market updates on Binance Square. Let's navigate the crypto world together to make profits. Thank you💲
$ADA continues to trade under strong selling pressure on the higher time frame. The price remains below EMA(7), EMA(25), and EMA(99), indicating a clear bearish market structure. The long-term descending trendline is still acting as resistance, with repeated rejections confirming weakness. Momentum indicators also favor bears. RSI remains in oversold territory, suggesting sellers are in control and any short-term bounce may be corrective rather than a trend reversal. The current support zone around $0.30–$0.28 is critical. A confirmed breakdown below this range could open the path toward the next major support near $0.25. Unless ADA manages to reclaim key EMA levels with strong volume, further downside toward $0.25 is likely in the near term. Bias: Bearish
Bitcoin is currently under selling pressure and may move lower in the coming months. After failing to hold strong upward momentum, the price looks weak and is slowly moving toward an important support level near $74,000. The $74k zone is a key area where buyers previously stepped in. A fall to this level would be considered a normal correction after the recent highs, not a panic move. However, this level is very important for Bitcoin’s short-term direction. If Bitcoin holds above $74k, it could bounce back and regain strength. But if BTC breaks below $74k and fails to recover, it may signal further weakness. In that case, the price could fall even more as traders lose confidence and stop-losses get triggered. In simple terms, $74k is the make-or-break level. Holding it keeps the market stable. Breaking it could open the door for a deeper drop before the next recovery phase.
Note- This is a market view, not financial advice.