$ADA is eyeing a key support level near $0.2203 after struggling to break through the 1-day mitigation block around $0.248–$0.249.
Despite showing some short-term strength, the market remains tilted toward sellers.
Price rejection at the mitigation zone indicates momentum is weak, and the formation of a lower high reinforces the bearish outlook.
Nearby sell-side liquidity sits around $0.246, while the next major demand zone,
where institutional orders could be filled, lies at $0.2203. A move toward this level could set the stage for the next significant reaction in #Cardano ’s price.