Usman Salis
ADA is in a critical level here — bulls need to hold this pwLow! We need a clean bounce and acceptance back inside the internal range." The question now is whether buyers can step in and defend support, or if sellers will push prices lower.
What the Chart Shows
Analyst Carl Moon warns that bulls must defend this zone to avoid a deeper breakdown, with the next move potentially setting ADA's direction for weeks to come. The 4-hour ADA/USDT chart on Binance reveals an internal trading range between $0.64 and $0.70, with ADA currently hovering just above the point-of-weakness low (pwLow) around $0.606–$0.611. This is a make-or-break spot. If bulls can push ADA back above $0.64, a short-term rally toward $0.68–$0.70 becomes possible. But if support breaks, the chart suggests a potential drop toward $0.56 or even $0.52.
Volume clusters near the current price level reinforce its importance—this is where traders are positioned, and a decisive move in either direction looks imminent.
Key Levels to Watch:
- Immediate Support: $0.606–$0.611 (pwLow zone)
- Resistance: $0.64–$0.66 (range midpoint)
- Major Resistance: $0.70
- Downside Target: $0.56–$0.52 if support fails
Bottom Line
The next few sessions are critical for Cardano. A clean bounce from $0.61 could restore confidence and keep ADA within its consolidation range. But if bulls lose this level, a deeper pullback looks likely. The market is waiting for a decisive move—and whichever side wins this battle at $0.61 could set the tone for ADA's next chapter.
Usman Salis
