Cardano (ADA) Update ADA faces crucial support at $0.458! F

Bearish

--・526 views

Cardano (ADA) Update ADA faces crucial support at $0.458! Failure to hold could lead to $0.420, while resistance levels stand at $0.525 and $0.592. Technical analysis shows bearish trajectory, trading below 100 EMA and 200 EMA. RSI at 42.57 indicates strong selling pressure. On-chain data reveals decreasing user engagement and short-term trading activity, signaling waning interest in the Cardano network. #Cardano #ADA $ADA #altcoins

Cardano (ADA) Update
ADA faces crucial support at $0.458! Failure to hold could lead to $0.420, while resistance levels stand at $0.525 and $0.592. Technical analysis shows bearish trajectory, trading below 100 EMA and 200 EMA. RSI at 42.57 indicates strong selling pressure. On-chain data reveals decreasing user engagement and short-term trading activity, signaling waning interest in the Cardano network. #Cardano #ADA $ADA #altcoins 