$ADA
ADAUSDT – Daily Chart Analysis (Binance)
Cardano (ADA) remains under strong bearish pressure on the daily timeframe. Price structure clearly shows lower highs and lower lows, confirming a sustained downtrend.
Market Structure
ADA failed to hold previous demand zones and continued making bearish breakdowns
Recent bounce attempts were weak, showing lack of buying strength
Sellers are still in control of the trend
Key Support Zones
$0.34 – $0.35 → Immediate and very important support
This zone is acting as a short-term demand area
A daily close below this level can open further downside
Next downside risk: $0.30 – $0.28 if $0.34 breaks convincingly
Resistance Zones
$0.40 – $0.42 → First major resistance
$0.45 – $0.48 → Strong supply zone (previous breakdown area)
Price needs to reclaim $0.42+ with strong volume to signal any meaningful trend reversal.
Volume Insight
Sell-off candles were accompanied by higher volume, confirming distribution
Recent volume is decreasing → indicates weak demand, not accumulation yet
Outlook
Bias: Bearish to neutral
Short-term: Price may range between $0.34 – $0.40
Trend reversal confirmation: Only above $0.45 on daily close
📌 Conclusion:
ADA is still in a downtrend. Caution is advised until price shows strong bullish structure and volume confirmation. Smart money will wait for confirmation, not anticipation.