Is a crash imminent? The price of $ADA is steadily declining, and the support level at 0.6539 is precarious.
Currently, ADA's trend is weak, with prices oscillating between 0.675 and 0.685, and trading volume has significantly shrunk compared to the previous few hours, indicating a quiet market.
The MACD histogram remains positive but is gradually shortening, indicating that bullish strength is waning. Although a death cross has not yet appeared, the upward momentum is clearly insufficient.
The KDJ indicator hovers around 52, in a neutral zone, showing no clear directional signal. However, based on the price trend, it may continue to oscillate downwards in the short term.
From the market perspective, the overall trend of the K-line in the last four hours shows a downward trend. Although there have been no significant bearish candles, every rebound is capped below the resistance level of 0.7034, indicating heavy selling pressure above.
The support level is near 0.6539, and if this position is breached, it may trigger technical selling. Currently, market sentiment is cautious, and the shrinking trading volume indicates that both bulls and bears are on the sidelines, with no large funds entering the market to set the pace.
If you've been chasing highs and cutting losses and often find yourself stuck, lacking the latest news and direction in the crypto space, click on the avatar to follow me. Whether in a slow bullish phase or sector rotation, you will never miss out.
