It’s currently sitting around 0.1595, down more than 20% over the last 24 hours. After peaking near 0.201, it’s been steadily sliding lower, breaking through the Bollinger Bands with almost no meaningful bounce until it reached about 0.1581. That last red candle was especially strong, and the spike in volume at the bottom suggests a wave of panic selling.
The overall chart has been weak for a while, grinding lower gradually, and this move basically confirms the breakdown. Moving averages are now well above price, and ADA is still deeply in the red—down roughly 76% on the year. Not a good technical setup.
For now, I’m just watching. The key level to hold is around 0.158. If it manages to stabilize and starts forming solid green candles with strong volume, we might see a relief bounce. But I’m not stepping in to catch the falling knife yet—it still looks like it could easily see another drop if market pressure continues.