$ADA USDT - Selling pressure before dropping to 0.22
$ADA USDT, after breaking the global support zone of 0.275 and updating its lows to 0.22, entered a phase of correction and consolidation below key levels. Another selling pressure could trigger a decline.
Bitcoin is falling after a correction, which usually indicates a weak market and increases bearish pressure in the market. Recently, I said that Bitcoin would fall further, as global targets have not yet been reached, so in this context, altcoins may react accordingly.
Any corrections and spikes in volume can be seen as a search for liquidity and quickly sold.
$ADA has strengthened since the session started and is showing strength against a weak market (top gainers). There are no fundamental reasons for growth, and technically, the market is heading towards an area of interest.
Resistance levels: 0.2688, 0.276, 0.284
Support levels: 0.243, 0.2200
From a medium-term perspective, the altcoin has not yet tested the hidden global support level behind 0.22 - 0.2167, formed in 2023. A new test and selling pressure from the resistance zone could trigger a decline towards the target
#ADA #bearishmomentum #TrendingTopic
