💥 A major short liquidation just hit the market, with $1,490.1 worth of positions wiped out at the critical level of $0.9888.
What Does This Mean?
This liquidation indicates that bears were caught off-guard, suggesting strong buying pressure near $0.9888. Liquidations often act as fuel for the next price move, potentially pushing $ADA higher as shorts scramble to cover.
Key Takeaways:
$0.9888 could now act as a key support level.
Watch for increased volatility, as liquidation clusters often signal potential breakout zones.
Are we on the verge of a trend reversal? Stay sharp—$ADA is heating up! #ADA #BTCRebounds95K #BTCMiningPeak
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