Breaking The $0.25 Gates, ADA Price Might Descend To $0.20!
Cardano (ADA) displays a bearish breakdown of a head and shoulder pattern.
ADA price has dropped below the 25 cents mark.
The daily chart shows ADA under a strong resistance trend line, leading to multiple lower-high formations.
ADA is currently trading at $0.244, with a bearish pattern indicating a potential downtrend to $0.15.
Technical indicators like the RSI show bullish divergence, while the MACD indicates a bearish crossover.
If ADA breaks below the $0.235 support, it could continue its downtrend to $0.20. A bullish reversal from $0.235 could challenge the resistance trend line.
ADA price has dropped below the 25 cents mark.
The daily chart shows ADA under a strong resistance trend line, leading to multiple lower-high formations.
ADA is currently trading at $0.244, with a bearish pattern indicating a potential downtrend to $0.15.
Technical indicators like the RSI show bullish divergence, while the MACD indicates a bearish crossover.
If ADA breaks below the $0.235 support, it could continue its downtrend to $0.20. A bullish reversal from $0.235 could challenge the resistance trend line.