ADA dey test $0.75 support as e Open Interest drop 9.5%

ADA first break out from one long time bull pennant for the 2-day chart, turn $0.85 resistance to support, come up more than 15% to $0.8635. For the wide 2023 up channel, ADA structure don always bring rallies of 200–300%. Recently, ADA futures open interest drop from record $1.7 billion to $1.53 billion, options volume fall 92.9%, cause intraday drop of 10.2% reach $0.82. The $0.75 support level—wey match the 20-day Keltner Channel baseline and old resistance—now be serious line dem need watch. If ADA fit hold above $0.75, e fit allow to try test the $1.00 range again, help by e position above 50-day moving average and daily RSI near 63. If e break below this level, e fit drop go $0.70. Meanwhile, ADA traders dey use Best Wallet, one self-custody tool wey dey offer $BEST token presales and gas fee optimization. The passing of US Genius and Clarity Acts still show regulatory clear, fit attract bigger capital come ADA and the wider crypto market.
Bearish
Di soon drop for ADA price and open interest show say di bullish confidence dey weak, wey dem highlight with 10.2% intraday sell-off. Di $0.75 support level dey important; if e fail, e fit cause more fall go $0.70. Even though technical factors like 50-day moving average and RSI talk say e over-sold, di sharp drop for derivatives activity mean say di mood be bearish. Long-term upside still dey linked to di established ascending channel plus regulatory catalysts, but traders for prepare for possible short-term weakness.