Technical analysis by melikatrader94 about Symbol ADA: Sell recommendation (5/25/2025)

Hello guys!Cardano has been trading within a rising parallel channel after forming a clear Inverse Head and Shoulders pattern, triggering a bullish breakout. However, recent price action has shown signs of weakness, especially with a noticeable bearish divergence between the price and RSI.What I see:The price is approaching the lower boundary of the ascending channel.A channel breakout to the downside could lead to a deeper correction toward the $0.58–$0.62 support zone (highlighted area), which aligns with previous consolidation and the neckline of the inverse H&S.If bulls defend the channel and push price higher, a potential rally toward the $0.93 resistance level remains in play.⚠️ Keep an eye on the channel support and RSI behavior to anticipate the next move.the channel is broken