$ADA The bears are again trying to sink the price below the essential support at $0.40. If they succeed, the ADA/USDT pair could resume the downtrend. The next support on the downside is at $0.35.

If buyers want to avoid the decline, they will have to fiercely defend the $0.40 support and push the price above the moving averages. If they do, the pair could attempt a rally towards $0.49.