ADAUSD Rejection at Supply! Pullback in Play? [Key Levels Mapped

Cardano (ADA) is showing signs of short-term exhaustion after a strong rally, currently trading around $0.7796. Price has tapped into a clearly defined supply zone ($0.7957), and multiple rejections hint at bearish pressure building.

Key Levels:

Supply Zone: $0.7900 – $0.7960 (strong resistance zone)

Mid-Level Support: $0.7277 (previous resistance now flipped to support)

Demand Zone: $0.6500 – $0.6620 (accumulation zone, potential re-entry)


Technical Signals:

Multiple upper wicks within supply zone

Bearish divergence forming on lower timeframes (watch RSI/MACD)

Volume weakening at recent highs


Trade Plan (Short Bias):

Short from $0.7850–$0.7900

SL: $0.8000 (above supply zone)

TP1: $0.7280

TP2: $0.6620


Alternative View:
Break and close above $0.8000 with strong volume would invalidate this setup and signal bullish continuation.


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