Crypto
ADA Price at Risk of Sharp Downward Move
The price of ADA is currently at $0.166, and according to Felix Pinkston, it's in a state of stale positioning due to its structurally broken chart.
The Bollinger Band coil has formed around this price level, indicating that a sharp directional flush is imminent.
A bearish scenario has been assigned a 65% probability, with the primary setup being a failed retest of the $0.167, $0.170 resistance cluster, confirmed by a rejection candle with sell-side taker flow reasserting.
The base case is bearish, with a clearly scoped short-squeeze risk for disciplined traders willing to play both sides.