$ADX shows a slight decline of -0.304%, remaining within a tight range defined by its Bollinger Bands (Upper: 0.0986, Lower: 0.0960). The market's overall downtrend indicates weakness, with critical support at 0.0957 and resistance looming at 0.116. Macro factors, including regulatory news and inflation concerns, contribute to sentiment, though Bitcoin's influence remains ambiguous at this moment. Given ongoing volatility and bearish momentum, traders should adopt a short-term strategy to capitalize on potential rebounds near support areas. The key takeaway is that ADX's movements are poised for critical testing of support, where monitoring volume and news sentiment will be essential.
