Cardano (ADA) in Bearish Territory
Cardano (ADA) faces strong downward pressure, with technical

indicators pointing to a continued downtrend. The Average

Directional Index (ADX) surged to 36.76, showing the strength of

this bearish momentum, while the Ichimoku Cloud indicates

solid resistance for upward moves.

Bearish Technical Signals
ADA trades below the Ichimoku Cloud, with red coloration

highlighting resistance above. EMA indicators also reinforce this

trend, with a recent death cross aligning all EMAs above ADA's

price. If this trend holds, ADA could test support at $0.31; if

buyers step in, a 9% recovery could aim for $0.36.

For now, bearish sentiment dominates unless ADA breaks key

resistance levels.

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