ADA has not been able to maintain above $1. Will the bears take over? 🐻

- **Important support level**: $0.90

- **Important resistance level**: $1.3

At the beginning of the week, there was high hope that ADA could hold above $1 and challenge the resistance level of $1.3. However, since Tuesday, sellers have returned and pushed the price below $1. Currently, ADA is at 92 cents.

The daily RSI index and MACD chart indicate a downward trend, which could push Cardano into a deeper correction. The important support level is 90 cents. If this level is lost, ADA may drop to 80 cents.

Buying volume has sharply decreased since November, indicating a downward trend. Hope remains that the bulls will defend the 90 cents level to avoid further losses. 📉