ADA coin fell below its 50-Day EMA a few days ago. The next level of support would come from ADA's 100-Day EMA. The coin is also far from oversold territory, which means that there's sufficient room on the downside.
The bear case is further boosted by the fact that the MACD indicator is still bearish for the coin. I expect that ADA's price will find the support at 100-Day EMA and, the MACD will made a bullish crossover within next week at the price of 2.5k-2.6k, then I could open a long-position.
The bear case is further boosted by the fact that the MACD indicator is still bearish for the coin. I expect that ADA's price will find the support at 100-Day EMA and, the MACD will made a bullish crossover within next week at the price of 2.5k-2.6k, then I could open a long-position.