The descending trend of Cardano $ADA is strengthening

The ADX index currently stands at 19.96, having sharply increased in just one day from a level of 11. The rise in the index signals a strengthening trend. However, ADA is currently in a descending trend, so the rising ADX indicates an intensification of bearish momentum.

Selling pressure is increasing, and if buyers cannot withstand it, Cardano will face further declines in the short term.

The ADX value is approaching 20 and is rising. Accordingly, the descending trend may soon transition into a more pronounced bearish phase. This could potentially lead to increased price volatility. If the price of Cardano does not find support or witness a surge in buying activity, it will be fraught with short-term weakening.$XRP $BNB #2024withBinance