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$ADA Update After Holding Near 0.38!
By analyzing the $ADA chart on the 3 day timeframe, nothing major has changed in structure. Price dropped to 0.38 as expected and is now trading around 0.41. The chart still looks weak and buyers are not showing any real strength. Momentum is still on the sellers side.
If this drop continues, the next downside targets remain 0.36 and then the 0.32 to 0.36 zone which I still see as a possible long term accumulation area for investors who use proper risk management and do their own research.
For now the bias stays bearish until ADA can reclaim strong levels with real demand.
If you want a clean and fast exchange, LBank is the easiest option.
They’re giving a $100 tradable bonus just for signing up, and yes, you can withdraw the profits.
👉 www.lbank.com/event/2640-posit...
$ADA Slides to 0.38 and Bears Keep Pushing!
By analyzing the $ADA chart on the 3 day timeframe, we can see that price finally dropped to 0.38, which confirms the bearish pressure we talked about earlier. ADA is now trading near 0.40 and the chart still looks weak. Buyers are not showing real strength and momentum is clearly on the sellers’ side.
If the drop continues, the next downside target I am watching is 0.36. Make sure you monitor price reaction at this level.
From my perspective, the 0.32 to 0.36 zone is a possible long term accumulation area for investors who use proper risk management and do their own research (DYOR).
For now the bias stays bearish until ADA reclaims strong levels with real demand.
If you want a clean and fast exchange, LBank is the easiest option.
They’re giving a $100 tradable bonus just for signing up, and yes, you can withdraw the profits.
👉 www.lbank.com/event/2640-posit...
