Cardano's ADA token is facing significant selling pressure near the $0.40 resistance level, with the price dropping 4% to around $0.38. Technical indicators, including a bearish RSI and a MACD crossing below the zero line, suggest that the downtrend may continue. If it fails to reclaim $0.40, the ADA price could further decline by 10%, reaching the support zone around $0.32.
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Cardano's ADA token is facing significant selling pressure near the $0.40 resistance level, with the price dropping 4% to around $0.38. Technical indicators, including a bearish RSI and a MACD crossing below the zero line, suggest that the downtrend may continue. If it fails to reclaim $0.40, the ADA price could further decline by 10%, reaching the support zone around $0.32.