The $ADA chart on the 1-hour timeframe is currently showing bearish signals.
After a significant drop from its recent high, the price has been consistently forming lower highs and lower lows.
$ADA is now trading at $0.7483, down 1.21% in 24 hours.
The limited bullish follow-through after bounces suggests ongoing selling pressure.
Traders should remain cautious and manage their risks accordingly, as the immediate trend appears to be downwards.