⚠️ Cardano Is Showing a Warning Signal… and Traders Are Paying Attention
📉Cardano ($ADA ) just slipped 7% after breaking below its 20-day EMA — the same level that triggered a 13% drop last month.
And now, a head-and-shoulders pattern is sitting just below the current price… with a potential 20% breakdown if the neckline gives way. 😬
Some indicators look mixed:
🔹 MFI shows dip buyers are slowly stepping in.
🔹 But CMF — the “big money” signal — is still below zero, meaning larger players aren’t supporting the price yet.
Profit-taking is also rising. 💰
Only about 10% of holders are in profit right now, which means more selling could show up if price keeps dropping.
To stay safe, ADA needs to reclaim $0.269. If not, support sits at $0.253, and losing that could open the door to $0.185.🔻
If you’re following ADA closely, keep an eye on these levels.
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