$ADA AT A MAKE-OR-BREAK LEVEL – CAN IT HOLD $0.14? 🔻
$0.16 was the line in the sand, and it got swept clean. Now ADA is sitting near $0.14 — the same zone that last held in October 2023. Volume is still elevated, but the RSI at 44 says sellers aren't exhausted yet.
The move below $0.16 flipped that level into resistance, and every attempt to reclaim it has failed. MACD just crossed above zero after a long negative stretch, which could hint at slowing downside, but that's not a buy signal until price confirms.
If you're still holding ADA, what level are you watching to flip your bias?
Not financial advice. Always manage your risk.
#ADA #Cardano #Breakdown #SupportTest
🔻
$0.16 was the line in the sand, and it got swept clean. Now ADA is sitting near $0.14 — the same zone that last held in October 2023. Volume is still elevated, but the RSI at 44 says sellers aren't exhausted yet.
The move below $0.16 flipped that level into resistance, and every attempt to reclaim it has failed. MACD just crossed above zero after a long negative stretch, which could hint at slowing downside, but that's not a buy signal until price confirms.
If you're still holding ADA, what level are you watching to flip your bias?
Not financial advice. Always manage your risk.
#ADA #Cardano #Breakdown #SupportTest
🔻