As the crypto markets tremble under fresh bearish pressure, all eyes are on Cardano (ADA). After a sharp weekend dip of over 12%, ADA is now struggling to hold the critical $0.50 support level, trading at $0.5482 with an intraday loss of 4.38%. With Bitcoin slipping below the $75K mark, market sentiment has turned cautious — but where there’s volatility, there’s opportunity.
At Wallstreet Queen Official, we specialize in capitalizing on market swings like these. Here’s our breakdown and outlook on ADA — and how smart traders can position themselves.
Key Technical Breakdown
Current Support: $0.5346 (23.6% Fibonacci level)
Major Resistance: $0.6673 (38.2% Fib retracement)
Death Cross Watch: 50 EMA approaching a bearish crossover with 200 EMA
TSI Reading: -0.91 – signaling strong bearish momentum
ADA has broken below its recent consolidation zone and is testing a long-standing ascending trendline that has historically triggered bullish rebounds. However, a death cross formation looms — a warning sign of continued downside unless bulls step in with force.
What Traders Should Watch
If $0.5346 fails to hold, ADA could slide toward $0.32 — a price not seen since early 2024. But a bullish candle at the current level could spark a 20% upside move toward $0.6673.
Whether ADA breaks down or bounces, volatility is guaranteed — and that’s where Wallstreet Queen Official thrives. Our community is equipped with real-time analysis, precision entries, and exit strategies designed to profit in any market condition.
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