$ADA is showing signs of short-term weakness.
On the chart, $ADA has started to lose upward momentum, with prices facing stronger selling pressure after retracements. The current structure is forming lower highs, indicating that sellers are in control in the short term.
Buying volume has decreased, while each time the price bounces up, it is quickly sold down, reflecting the cautious sentiment of the market. If ADA does not soon hold the important support levels, the possibility of a deeper correction still exists. At this stage, it is essential to observe price reactions at the support level and manage risks.
ADA
0.4006
-2.76%