- Cardano is still in a bullish structure on higher timeframes
- Price may be targeting liquidity below before a possible bounce
- A clear shift on lower timeframes could confirm the next move
Cardano is currently trading around the $0.70 level, and while the daily structure still leans bullish, there’s something about the way price is dropping right now that feels… intense.
We’re seeing a strong push downward on the 4H too, and yeah — it’s not exactly a gentle retrace.
But let’s zoom out and breathe for a second.
Even in this aggressive move down, there’s a pocket of demand sitting just underneath that could act as a springboard — the kind that traps impatient sellers and offers fuel for a sharp bounce. If you’ve been around long enough, you know that price loves doing this dance.
Clear out the liquidity below before making its next big move. That’s where it might get interesting.
And about liquidity — quick reminder: it’s basically where stop losses and pending orders pile up. Smart money knows this, and often price is drawn to those zones before shifting direction. Happens all the time, and yet retail traders keep falling for it.
Like that one time I shorted what looked like a textbook breakdown, only to see price whip back and leave me staring at my screen in disbelief.
Right now, ADA might be doing something similar. It could sweep that lower liquidity, react off the demand zone, and then shift structure on lower timeframes. If that happens? That’s our signal. Not before.
Of course, nothing is ever 100% in this space. The market doesn’t owe us anything — it can zig when we’re expecting a zag. So these scenarios? They’re just that. Scenarios. Possibilities. And we stay ready for all of them.
Ready to trade? Join WEEX via Bitcoinsensus and get a 20% deposit bonus — with up to 400 USDT waiting for you. Claim your share of the 30,000 USDT reward pool.
