ADA is under pressure right now. Price is sitting around 0.3985 USDT and it is down almost three percent on the day. It tried to hold above the 0.41 area earlier but sellers stepped in and pushed it lower. The low near 0.3956 shows buyers are still defending that zone but the bounce so far is weak.Volume is decent with over eighty six million ADA traded worth nearly thirty five million USDT. That tells you the move is backed by real activity, not just thin trading.The chart shows a clear short term downtrend. Price has been sliding from the 0.405 to 0.41 range toward current levels. Every small bounce has been sold which keeps pressure on the chart.Moving averages are stacked tight around price. MA7 and MA25 are basically sitting right at the current level while MA99 is higher near 0.405. When price struggles below the longer average it usually means momentum is still bearish.ADA looks stuck in a corrective phase. As long as it stays below the 0.405 to 0.41 zone the trend remains weak. The 0.395 to 0.39 area is important support. If that breaks the downside can continue. For now bears are still in control.#ADA#USDT#Cardano#CryptoMarket#BearishTrend $ADA

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