Technical analysis by WhiteHouse021 about Symbol ADA: Sell recommendation (4/5/2025)

ADA/USDT – Price Action AnalysisOn the 1-hour timeframe, price has been following a clear downtrend, respecting a descending channel structure. After reaching the lower boundary, sellers lost some momentum, and price started to form a rising wedge, typically seen as a bearish continuation pattern in such contexts.Currently, price is testing a key confluence zone:The upper boundary of the wedgeThe descending trendline resistanceAnd also sitting below the dynamic resistance of the 200 EMA.From a price action perspective:Bullish candles are showing limited strength and upper wicks indicate selling pressure.A confirmed breakdown below the wedge support could lead to further downside towards the previous demand area around 0.6550 - 0.6340.