Short Liquidation Alert on $ADA

A massive short liquidation just hit the Cardano ($ADA) market.

A staggering $3.4484K in short positions were liquidated at a price of $0.8721.

What does this mean.

Short Liquidations occur when traders betting against the price (shorts) are forced to close their positions, causing them to buy back the asset, which pushes the price higher. This kind of event is a sign of major market volatility and can trigger a short squeeze where prices surge quickly.

What Happened.

At the liquidation price of $0.8673, the shorts couldn’t handle the price surge, leading to a cascade of buy orders that amplified the price movement. This kind of action can set the stage for bullish momentum if the trend continues.

Possible Impact:

We could see more short liquidations if the price continues to rise, creating upward pressure.

$ADA could be primed for a rally if bulls take control.

Watch closely for potential support and resistance levels as market participants adjust their positions.

Key Levels to Watch:

Buy Zone: $0.8500 to $0.8700

Target: $0.9000–$0.9500 (depending on market sentiment)

Stop-Loss Zone: $0.8200 or lower if the trend reverses

This could be a critical turning point for $ADA as traders react to the short squeeze. Stay alert.

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