The Cardano (ADA) rush party loses the pair when the assembly of the bear’s pressure forces the price to withdraw from the critical level of 0.8119 USD. After a promising attempt to push higher, Ada Bulls is now trying to keep control, and sellers are entering the domination.
The recent rejection of this key resistance suggests that the pressure down raises, raising the concerns about whether Altcoin can keep its land or slip further. Since technical indicators indicate growing weakness, the emphasis is now on the next support zones to determine whether there is a deeper correction on the horizon.
Changes in market moods: bulls lose their adhesion
Cardano’s sentiment has changed when the bulls seem to lose traction to the price, and Ada still trades below the 100-day straight movable average (SMA). This key level has become a barrier through which Bulls has not yet broken, which indicates the weakening of the pressure of purchase and increasing the dominance of the bear.
Failure to comply with the 100-SMA suggests that the stubborn rush, which initially gained adhesion, lose their pair, and the market begins to bend towards the bear.
Further deepening the perspective of bear is the recent movement of the relative force indicator (RSI), which began to fall again before it reaches 50% of the threshold. It usually reflects that the purchase pressure disappears, and the sales rush builds, which increases the argument that the bulls lose control.
Because the price fighting below 100-SMA and RSI reflects the weakening rush, Ada’s perspectives remain uncertain. While Bulls cannot recover grip and stop over 100-sea, assets can be shortened because bears still dominate the market.
Key support zones when Ada faces Bear’s pressure
After a recent ADA fight at the resistance level of 0.8119 USD, focusing on key support zones, which will be necessary when determining the next move. As the assembly of the bear’s pressure and the price remains in a 100-day SMA, Ada’s ability to maintain key support levels is studied.
The direct viewing support zone is 0.6822 USD, which previously acted as a critical level for ADA. If prices are tested and maintained by this zone, it can be used as a starting pad for the next position.
However, if Ada does not hold USD 0.6822, attention will turn to the next enormous support at 0.5229 USD, where a more significant reflection may occur after purchase. In the event of a violation of support levels, ADA may face a more extended downward movement, with 0.55 USD appears as another line of defense.
