ADA Price Prediction:

ADA coin price has recently experienced a notable decline from a high of $0.68. This decline has resulted in a wedge pattern on the daily chart. However, the recent correction in the cryptocurrency market has resulted in a bearish breakdown in the Cardano price pattern.

ADA price crossed the long-term support trendline and broke through the psychological support level of $0.50. During this correction phase, bears tested the bullish resilience of the $0.40 support area. Moreover, the recent price rejection on the daily candle warns that the bearish trend will continue.

A break below $0.40 could drop the altcoin price to $0.35. Optimistically, a bullish reversal of the support trendline could push ADA price above $0.50 and reach $0.55.

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