Cardano (ADA) continues to struggle for stability as prices hover near $0.63. The token trades below its key Fibonacci retracement level of 0.618 at $0.6731, signaling ongoing bearish control. Daily trading ranges have tightened, recording a low of $0.6230 and a high of $0.6368, reflecting reduced volatility.
On Binance, ADA’s structure remains bearish, slipping beneath a descending support line that once provided resilience. The recent chart pattern reveals that momentum has shifted firmly to the sellers, pushing ADA into a narrow consolidation range. Could this prolonged squeeze signal a deeper correction ahead?
#Cardano #Binance #bearishmomentum
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