$ADA

Buyers are trying to keep Cardano above the 20-day EMA ($1.06), but failure to initiate a strong recovery increases the downside risk.

If the 20-day EMA breaks, the ADA/USDT pair could slide to solid support at $0.90. The flat 20-day EMA and the RSI just above the midpoint suggest a consolidation in the near term. The pair could range-bound between $0.90 and $1.20 for some time.

Buyers will have to push the price above $1.20 to gain momentum. The pair could rally to $1.25 and after that to $1.33. Conversely, a break below $0.90 could sink the pair to the 50-day SMA ($0.80).