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Cardano(ADA): Waiting For 26% Drop

Short
BYBIT:ADAUSDT.P   ADAUSDT Perpetual Contract
While markets are warming up, we see a nice potential for downward movement on the ADA coin.

We have been monitoring this coin for some time now, and it is looking for that touch of upper resistance. If everything plays out, we will see a nice drop here.

Swallow Team
Comment:
Although Cardano failed the breakdown attempt, we still have some time to see the action near that zone.

We are seeing some small signs of potential turnover happening soon, so keep your eyes open for any kind of long- squeeze!!
Comment:
Cardano has had a really nice rejection from the upper zones after securing one daily in red.

So far, we had a nice 8% drop, and now we are looking for that middle line of Bollinger bands and also that lower support zone!
Comment:
Cardano is having a smaller correction here after sellers showed their dominance near the upper resistance zone.

This kind of movement is natural after such a long red candle, so this smaller correction is healthy for potential further movement towards the lower support zone!

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