$ADA

ADA on the daily chart clearly follows a downward trend. The 5, 10, and 30 averages are aligned downward, acting as dynamic resistance.

The price lost 0.641 and is testing support in the 0.613 region, which held at the last bottom. RSI 6 is at 28, very close to the oversold region, showing that selling pressure is strong, but it is starting to enter a possible bounce zone. MACD remains negative, with a slightly smaller histogram, indicating that selling strength is slowing down, but without a confirmed reversal signal.

If it loses 0.613, the path is clear to seek 0.607 and then 0.590. On the other hand, if it holds here and a strong candle appears, it may attempt to reach 0.650 (MA5) and then 0.666 (MA10) as immediate resistances. The scenario is bearish in the short term, but it is starting to get interesting to observe a possible technical bounce in the next 24 to 48 hours.

Are you going to enter short?