ADA continues to decline, breaking below the BOLL middle band. KDJ remains in a dead cross at low levels, trading volume is shrinking, and bulls show no willingness to defend the price. Bears firmly control the momentum, and a short-term downtrend is highly likely to continue.
The Cardano ecosystem DeFi project lock-up volume has decreased month-on-month, with continuous outflows of funds. Coupled with a weakening market, this has directly caused ADA's price to collapse.
Technical analysis on the 4-hour chart: BOLL middle band is under pressure, KDJ shows a dead cross downward, and bearish momentum is being released.
First target 0.27 Second target 0.25 Stop-loss target 0.30
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ADA continues to decline, breaking below the BOLL middle band. KDJ remains in a dead cross at low levels, trading volume is shrinking, and bulls show no willingness to defend the price. Bears firmly control the momentum, and a short-term downtrend is highly likely to continue.
The Cardano ecosystem DeFi project lock-up volume has decreased month-on-month, with continuous outflows of funds. Coupled with a weakening market, this has directly caused ADA's price to collapse.
Technical analysis on the 4-hour chart: BOLL middle band is under pressure, KDJ shows a dead cross downward, and bearish momentum is being released.
First target 0.27
Second target 0.25
Stop-loss target 0.30
$ADA $btc