$ADA price analysis.....๐๐๐
The bulls are trying to maintain Cardanoย
$0.47
ย above the breakdown level of $0.46, but the bears are likely to put up an intense fight. #ADA/USDT daily chart.
The zone between $0.46 and the 20-day EMA ($0.48) is likely to witness solid selling by the bears. If the price turns down sharply from this zone and breaks below $0.40, the ADA/USDT pair may start the next leg of the downtrend to $0.35.
Contrary to this assumption, if buyers shove the price above the 20-day EMA, it will signal that the selling pressure is reducing. The pair may then ascend to $0.52 and later to $0.57, which may act as a strong hurdle.
