$ADA /USDT – Testing Support Amid Bearish Momentum
Immediate Levels to Watch
Support
$0.9110: Immediate support; holding above this could stabilize the downtrend.
$0.8800: A key level to watch if selling pressure intensifies.
Resistance
$0.9500: Immediate resistance; breaking this could indicate short-term recovery.
$0.9800: A stronger level that could signal bullish momentum if breached.
Suggested Strategy
For Long Positions
Entry: Near $0.9200 with a stop-loss at $0.9000.
Targets: $0.9500 and $0.9800.
For Short Positions
Entry: Below $0.9100 targeting $0.8800, with a stop-loss at $0.9300.
Market Insights
ADA is attempting to hold above critical support levels after a sharp decline. Volume and momentum near these levels will provide insights into the next potential move. Traders should watch for breakouts or breakdowns at key resistance and support zones.