$ADA

Long Liquidation: $61.7K Cleared at $1.189 – Market Reversal in Play

Cardano (ADA) experienced a sharp pullback to $1.189, triggering the liquidation of a $61.7K long position. This sudden price drop highlights the volatility of the market, with long positions getting squeezed as bears regained control.

Key Highlights:

Reversal Move: ADA faced strong resistance near $1.210, leading to a swift decline below key support levels.

Support and Resistance: Immediate support now at $1.170, with resistance at $1.210.

Market Sentiment: The liquidation signals a shift in momentum, as bulls struggle to hold ground and bears take the lead.

Traders should watch the $1.170 support closely to determine if ADA can regain its footing or if the bearish trend will continue. Further downside could follow if the selling pressure persists.

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