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$ADA just broke down from the ascending trendline support that had been holding the structure for a while. The rejection near that upper resistance zone was pretty clean as well.
Right now price looks like it’s trying to stabilize a bit below the broken level, but unless it quickly reclaims that trendline, the structure still suggests further downside.
Personally, I’m watching the next support area below as a potential target. A small bounce could happen first, but overall the market structure still favors sellers for now.
Let’s see how price reacts from here.
What do you think, bounce first or straight continuation down?
DYOR, NFA
#ADAUSDT #Crypto