On the downside, ADA could find support at $0.60. Increased downward pressure could cause it to bounce at the lower boundary of the channel if the $0.60 support fails. On the upside, it must surpass the upper boundary of the channel to initiate a rally towards $0.84.

The Relative Strength Index (RSI) saw a rejection at its neutral level line and has fallen below its moving average. Meanwhile, the Stochastic Oscillator (Stoch) is testing its oversold region line. A drop into the oversold region signals accelerated bearish momentum.

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