Technical analysis by BeInCrypto about Symbol ADA on 5 hour ago

Cardano’s price action on the one-day chart signals growing downside risk. The Moving Average Convergence Divergence (MACD) is on the verge of a bearish crossover, which often indicates that sellers are tightening their grip on the market. A bearish crossover occurs when the MACD line drops below the signal line, marking a shift from bullish momentum to bearish pressure. This breakdown in structure suggests weakening strength from buyers and increases the probability of further declines. With bullish momentum fading, ADA appears vulnerable to extended losses in the near term. If selling pressure intensifies following the crossover, the coin could face deeper retracements before buyers attempt to regain control.