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😱💥💢 ADA USDT technical structure has shifted significantly.
Now that the head and shoulders pattern has officially broken down. We’ve seen a clear move below the neckline, followed by what looks like a successful retest that confirmed previous support is now acting as a ceiling.
This sequence typically signals that the path of least resistance is toward the downside, and we should be prepared for some sustained bearish momentum in the short term.
Looking at the immediate horizon, the primary psychological floor to watch is the $0.260 mark. If the bears manage to push through that level, it likely opens the door for a slide toward the $0.245 to $0.250 liquidity zone. On the flip side, for this bearish thesis to lose its grip, bulls would need to reclaim the $0.275 to $0.280 range with a strong daily close. Until that happens, the chart suggests caution as the market processes this breakdown.
The next leg down will be telling, especially if we see a spike in volume near that $0.260 support. It feels like the market is at a crossroads where sellers are starting to settle in for a longer stay.
Are you currently positioned for this dip, or are you waiting for a confirmed entry closer to the $0.25 level?
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$ADA