ADA price tests a decisive resistance level that may determine the course of the distinctive symbol. As Cardano continues in the upper direction, the market sees 0.8300 to 0.8400.
However, the best Crypto_jobs analysts on X that a short position has been started due to the expected rejection at these levels. ADA seems to be decreased, especially if he cannot exceed this resistance level.
Looking at the graph, the ADA price climbed to the resistance area 0.8400. This level represents a critical point where the price movement can be broken either or a withdrawal facing.
The hourly chart shows an ascending trend, with a clear line linking low prices. But although ADA has a momentum on its side at the present time, it strikes a harsh spot that can prevent it from height.
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The accurate graph shows the ADA price resistance at 0.8300 and started swaying. The price was moved as moving sideways, which often happens before the decrease. This makes the rejection about 0.8300-0.8400 looks more likely, matching what a tweet suggested. Crypto_jobs notes that failure to penetrate this level can lead to a large declining movement.
Short position strategy: Cardano price faces the refusal of resistance
Crypto_jobs betting against Ada, believing that the resistance will keep and force the price. A tweet indicates that he does not see except for high from here, which means that there is no large space for the height. As Cardano approaches this resistance area, traders are preparing for a possible opposite. If ADA is not able to penetrate, we may see her heading about 0.7500.
Support areas on both planners lie about 0.7500-0.7700, which was historically strong levels as ADA found attention. If the Ada price decreases to less than these support areas, it may indicate a deeper decrease. Traders and investors will monitor any signs of rejection in the resistance area to determine the following steps.
Cardano market expectations
Looking at how to prepare the market now, the next step for Ada is not clear. It faces a large test on these resistance levels. If he cannot exceed 0.8400, we will likely see a decline. Traders who briefly ADA are closely monitoring, expecting to decrease to low support levels.
The mood of the public market around ADA is cautious and frequency, especially with the viewpoint of this merchant. While the price of Ada was rising recentlyWhat is happening in the next few hours will tell us whether he can continue climbing or if he is about to move south.
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