$ADA

⚠️ On June 16, ADA faced selling pressure from the 20-day moving average ($0.66), indicating that the rebound was a 'false alarm'. Bears took the opportunity to offload at high positions, and bearish sentiment has clearly intensified!

📉 Bearish Scenario: Will it continue to plunge?

The bulls are currently holding onto the support level of $0.60.

If this is lost, it could very likely slide directly to $0.50!

If $0.50 cannot be maintained, then we need to be wary of the 'gates of hell' at $0.40...

📈 Bullish Scenario: Fight back with all their might!

If buyers want to turn the situation around, they must immediately push the price back above the 50-day moving average ($0.71).

Once a breakthrough is achieved, the target will be the downward trend line, but the bears will definitely be fortified there, leading to a new round of tug-of-war!