📉 $ADA dives into the depths of the descending channel… Are we witnessing a technical collapse? 🧊⚠️
Current price: $0.7315
Daily decline: -3.02%
But the decline is not just numbers... It's a series of warning signals 👇
🕯️ The technical reading warns of a downward crawl:
- The 50-day moving average turns into resistance 🧱
- Classic W pattern fails, replaced by declining peaks and rejection wicks 📉
- MACD enters a violent red wave
- RSI clings to low levels... below 40 😰
📊 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- Buyers have withdrawn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 🪤
🐋 Whale behavior becomes more opaque
- Large wallets quietly dispose of ADA
- Exchange balances rise 📤
- Cold wallets stop moving
Are we witnessing a covert redistribution? 🤐
📣 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 🐸💥
🧠 If the 0.425–0.438 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 🚪
⚠️ This is not financial advice
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