$ADA
đprice recently dropped ~17% in a week, trading inside a bearish channel, signaling short-term downside pressure. Daily candles show lower highs/lows.
On-chain selling pressure has cooled sharply â fewer coins moving suggests panic selling is reducing.
Earlier price declines brought ADA toward key local support zones (~$0.30). If daily closes stay under these, further weakness may unfold.
đ #Cardano (ADA) Update â Feb 3, 2026
đ ADA faced a ~17% weekly drop and is trading inside a bearish channel, with key support around $0.30â$0.32.
đ Resistance: $0.44 / $0.53 / $0.72 / $0.88+
đ˘ Support: $0.37 / $0.30 / $0.28
â Bearish if below $0.30 â risk to $0.18.
đ Bullish break above $0.53â$0.57 could spark recovery.
đ On-chain selling has cooled â watch volume & trendline breaks!
đ Not financial advice. Always DYOR and manage risk!
Trade Here On $ADA
