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$ADA Still Feels Heavy – Leaning Bearish Short-Term
Just spent some time digging through ADA charts on multiple timeframes plus on-chain data, and the vibe is still bearish to me. It's consolidating, but the bias is clearly downward.
Volume is telling the story pretty clearly: big red candles are coming with massive volume (like that drop to the 0.3512 low on nearly 900M volume – straight-up capitulation). Bounces, on the other hand, look weak – the push to 0.3728 had less than 280M volume, no real conviction from buyers.
Capital flow breakdown:
- Spot: steady outflows (-3M USDT in 24h, -10M over 7 days) → classic sign institutions are distributing quietly.
- Contracts: mixed bag. Shorter timeframes (6h/8h) show some inflows (+2M-ish), and even the 5min just had +206k, so we might get minor rebounds. But the bigger 12h picture has heavier outflows (-5.6M), so I'm not betting big on upside strength.
My current trade idea
$ADA is cautious short – favoring sells, but I'll scalp longs on any weak bounces if they show up.
Entry-wise, I'm watching:
- Short on a firm rejection around 0.377 (Resistance), especially if RSI creeps above 50.
- Or wait for a clean break below 0.341 (Support ) to join the continuation move.
Stop-loss around 0.389 on shorts.
$ADA Targets:
- Primary: 0.326 zone
- Extension: 0.305
One caveat – if we get a strong daily close above the MA20 (~0.394), I'll scrap the bearish view immediately. And obviously, ADA moves with BTC, so keep an eye on the king.
Anyone seeing bullish signals I'm missing? Drop your thoughts below!
#ADA #ADAUSDT #Cardano