$ADA price analysis....🚀🚀🚀

ADA

$0.48

 recovery stalled at the 20-day EMA ($0.51) on April 22, indicating that the bears continue to sell at higher levels. #ADA/USDT daily chart.

The bears will try to pull the price to $0.46. This is an important level to watch out for because if the support gives way, the ADA/USDT pair could descend to $0.40. The bulls are likely to defend this level with vigor because a break below it will signal the start of a deeper correction toward $0.35.

The first sign of strength will be a break and close above the 20-day EMA. If this resistance is crossed, it will suggest a short-term trend change. The pair may then rise to $0.57.

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