🔹 $ADA Under pressure but the movement is still calm

The price of Cardano has decreased by about 0.78% over the last 24 hours as of now.

On the hourly frame, we notice local support near 0.3515 and with more than 50% of the daily ATR passing, the chances of violent movements are weak in the near future.

If we do not see a clear rebound, the correction may continue towards 0.35 during the weekend.

On the larger frame, there are no strong reversal signals yet, and the volume is still weak, which means that the bulls have not taken the initiative yet.

In general, testing support at 0.3190 before the end of the month remains a possible scenario.

The current price for $ADA is near 0.3600.

$ADA 👀 👇

ADA

0.3479

-2.65%