$ADA : Finding a Floor Near Major Psychological Support



​The price of Cardano ($ADA) is currently trading at $0.2523, marking a daily decline of -5.47%. On the 1-hour chart, the asset has experienced a steady downward expansion from its recent high, pushing the price structure directly into its major multi-day support zone.

​Long $ADA

​Entry Zone: $0.2500 – $0.2540
​Stop Loss (SL): $0.2440
​Target 1 (TP1): $0.2610
​Target 2 (TP2): $0.2680
​Target 3 (TP3): $0.2750

​Market Analysis
​$ADA is searching for strong buy-side liquidity as it closely approaches its immediate 24-hour low at $0.2519. The aggressive sell-off originating near $0.2802 has caused short-term momentum indicators to become heavily oversold, signaling that the downward push may be reaching exhaustion.

#GateSquareMayTradingShare
ADA-4.42%
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