$ADA remains under pressure below a descending trendline, with price repeatedly rejected at the 50-day EMA near 0.4158. ADA has pulled back toward key support at 0.3826, which aligns with the January 3 low.
A daily close below this level could open the door for a deeper move toward 0.3294. Momentum indicators show a loss of strength, with a contracting MACD histogram and RSI hovering near the neutral zone, suggesting consolidation rather than a clear trend.
If
$ADA manages to hold above 0.3826, a rebound toward the 50-day EMA remains possible.
Traders can monitor
$ADA price action and manage risk efficiently using tools available on #BingX
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