Cardano(ADA): Will We Drop Hard?
Updated
ADA has been on our watchlist for very long, and after that massive upward movement this coin has had, it seems the buyers are getting exhausted.
We are looking here for that breakdown to happen from the current support zone, which can start a nice downward movement for this coin!
Swallow Team
We are looking here for that breakdown to happen from the current support zone, which can start a nice downward movement for this coin!
Swallow Team
Comment
ADA had broken nicely the lower support zone from where we had almost zero to none volume from bulls.
Now that we broke the zone, it is being re-tested, and as of now, it seems to be working pretty well. So far, we have had 2% market price movement, but it would be better to wait for full confirmation from that re-test.
Comment
After a nice breakdown, Ada has been dumped for 9%, and currently it is going for a re-test of that same broken zone!
Eyes open for any potential rejection or breakout attempts!
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