🚨 $ADA Update: Price Testing Key Support Levels on Jan 29, 2026!
Cardano is currently facing significant selling pressure, with the price dropping to around $0.3360. The 24-hour change sits at approximately -6.51% (from the image), and the asset is testing critical support zones around the current levels.
Key Observations from the Chart:
Current Price: $0.3360
Entry Price (from image position): $0.34510
Liquidation Price (from image position): $0.05472
Moving Averages: The price is trading below the MA(7), MA(25), and MA(99) lines ($0.3441, $0.3518, and $0.3517 respectively), indicating a strong short-term bearish trend.
The broader market technical analysis indicates a "Strong Sell" signal based on many moving averages and technical indicators, with the RSI showing oversold conditions. A potential major announcement expected in February, as hinted by founder Charles Hoskinson, could be a future catalyst for a reversal if the current support holds.
Risk Management: This is a high-risk time. Watch for volume confirmation if it bounces from here, or prepare for potential further downside if key support around $0.33 is broken.