ADA Analysis : Bearish Momentum and Key Levels to Watch
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Current Trend : ADA faces heavy selling pressure, with three consecutive bearish weeks.
Key Support Levels :
$0.87 : Critical short-term support.
Yellow Zone : Around $0.50 if $0.87 fails.
Blue Zone : Potential low of $0.216 in extreme bearish cases.
Resistance : ADA must reclaim $1.00 to shift back to a bullish trend.
Bearish Patterns : Completion of H&S and Descending Triangle suggests a potential 51% decline.
Short-Term Signal : Break below the 4-hour trendline confirms a bearish momentum shift.
Pro Tip : Focus on short trades below $0.87 with tight risk management.
Advice : Avoid leverage, monitor support zones, and look for recovery signs above $1.00.
Conclusion : ADA remains bearish; trade cautiously while watching for key levels to hold.