$ADA price analysis......🚀🚀🚀

ADA

$0.46

 once again turned down from the 20-day EMA ($0.47) on May 6, indicating that the bears continue to defend the level aggressively.

#ADA/USDT daily chart.

The bulls are trying to defend the $0.46 support because if this level breaks down, the ADA/USDT pair could retest the crucial support at $0.40. Buyers are expected to fiercely defend this level.

Contrary to this assumption, if the price turns up from the current level and breaks above the 20-day EMA, it will signal that the selling pressure is reducing. The pair could then attempt a rally to the overhead resistance at $0.57.

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