Most people are looking the wrong way on this one.

$ADA ‌ is bleeding out right now and it's honestly painful to watch for the holders. We just hit a fresh low around 0.237 and the selling pressure hasn't really cooled off yet.
The 24 hour volume is pretty thin for a move this big which tells me there isn't much demand stepping in to save this level. If we don't see some sort of reaction here very soon the next stop is likely that 0.232 support we saw back in March.
I'm not touching this until I see a solid reversal candle or at least some volume coming back into the buy side.
It's a waiting game for now. Be careful out there.

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