Cardano Targets Historic Support Retest Amid Rejection from 1D Mitigation Block
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Cardano (ADA) rejected at the 1D mitigation block; short-term momentum is present but the overall structure remains bearish, indicating sellers still control price action. Strong liquidity zones below act as price magnets and point to a potential historic support retest, increasing downside risk for ADA and weighing on market sentiment. (crypto, Cardano, ADA, price, support retest, liquidity, mitigation block)
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Cardano could further retest lower levels as its structure remains bearish, with strong liquidity areas below acting as price magnets. Cardano may have shown short-term momentum, but data suggests bears are still dominating proceedings.
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