Cardano $ADA Bulls Take a Hit!

$57.5K Long Liquidated at $1.100

The market turned against Cardano bulls today, with a hefty $57,500 long position liquidated as prices dipped to $1.100.

The bears have seized control, leaving long traders scrambling to regroup.

This liquidation signals increased bearish pressure, as $ADA struggles to hold critical support.

Is this the start of a deeper correction, or will bulls rally to reclaim the trend?

Market Insights:

Key Levels to Watch:

Support: $1.05 is a crucial line in the sand for buyers.

Resistance: $ADA Bulls will need to break back above $1.15 to regain confidence.

Volatility Rising: Traders should prepare for rapid moves in either direction.

What’s Your Move?

Are you buying the dip, shorting the momentum, or sitting on the sidelines?

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