@spoiidy
$ADA /USDT: Struggling to Reclaim Momentum After Sharp Breakdown
Cardano (ADA) is currently trading at $0.6486, down 2.36% in the last 24 hours, showing signs of weakness after failing to sustain above the short-term resistance near $0.68–$0.68. The chart indicates a clear bearish structure, with the 7-day MA hovering just at price level, while both the 25-day (0.74) and 99-day (0.81) moving averages remain well above — confirming ongoing downward pressure.
The recent bounce from the $0.53 support zone shows buyers are trying to defend key levels, but momentum remains limited as volume has cooled off after the initial recovery. For a bullish reversal, ADA must close and hold above $0.68–$0.70, otherwise, another retest of $0.60 or lower remains possible.
Trend Bias: Bearish to Neutral
Key Resistance: $0.68 – $0.74
Key Support: $0.60 – $0.53
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