Expert opinion: bearish #ADA (from Coinsradar.net)

ADA has been extremely bearish since April 11, when the 192-day range plunged the price by 35% in 4 days and fell below the 200-day moving average. Since then, the price has been unable to recover and has not even been able to break through the 9-day exponential moving average (EMA).

The chart is heading towards a complete reset. It may go sideways between $0.23 and $0.37 for up to 476 days, which is the 0.236 Fibonacci retracement level.

Hopefully, by the third quarter of 2025, Cardano will be able to use the remaining momentum to rebound at the end of the bull run. #内容挖矿 Follow me! Get more expert opinions~