Forecast $ADA : Bulls Need to Protect This Support Growing bearish sentiment in the market casts doubts about the imminent recovery of buying interest in ADA. This negative forecast is confirmed by the Elder-Ray index, which is -0.04, indicating the prevalence of bearish forces.

If the Ichimoku cloud does not provide support to the altcoin, it may fall to the lower border of the horizontal channel. If the bulls fail to protect this level, the Cardano price may decline to $0.27, which is 21% below the current value. On the other hand, if buying pressure intensifies, ADA may rise above the cloud and target the channel resistance at $0.40. A successful breakout of this level may mark the beginning of growth to $0.60.