๐
$ADA dives into the depths of the descending channelโฆ Are we witnessing a technical collapse? ๐งโ ๏ธ
Current price: $0.7315
Daily decline: -3.02%
But the decline is not just numbers... It's a series of warning signals ๐
๐ฏ๏ธ The technical reading warns of a downward crawl:
- The 50-day moving average turns into resistance ๐งฑ
- Classic W pattern fails, replaced by declining peaks and rejection wicks ๐
- MACD enters a violent red wave
- RSI clings to low levels... below 40 ๐ฐ
๐ Trading volume? Nearly nonexistent!
- Buyers have withdrawn
- Sell walls are accumulating
- Liquidity is collapsing on the order books, and sell waves intensify with each candle ๐ชค
๐ Whale behavior becomes more opaque
- Large wallets quietly dispose of ADA
- Exchange balances rise ๐ค
- Cold wallets stop moving
Are we witnessing a covert redistribution? ๐ค
๐ฃ Social buzz is fading quickly
- Absence of ADA mentions on crypto Twitter
- Hashtags like
#RugAlert and
#JeetTrap are trending
- Up-and-coming tokens like WIF and Bonk are drawing attention ๐ธ๐ฅ
๐ง If the 0.425โ0.438 area is not reclaimed soon... we may reach the "trap bottom" between 0.398 and 0.373
And there, holders enter the survival zone... where despair outweighs hope ๐ช
โ ๏ธ This is not financial advice
๐ข For real-time updates and realistic analysis, follow us now
#CryptoEmad #ADA #CardanoCrash