📉 ADAUSDT PERPETUAL UPDATE | BINANCE
Cardano (ADA) is currently trading at $0.2938, down -4.42% in the last 24 hours. Price faced selling pressure after reaching the 24h high of $0.3088 and is now holding above the 24h low of $0.2688, showing significant volatility.
📊 Market Snapshot
Mark Price: $0.2938
MA60: $0.2948 (price slightly below MA)
MACD: Bearish (-0.0002)
24h Volume (USDT): $466.86M
Momentum: Weak with short-term selling pressure
⚠️ $ADA is at a critical support zone. Holding above $0.290 may spark a relief bounce, while a breakdown below $0.268 could lead to further downside.
❓ Your view? Will ADA recover from current support, or is a deeper correction likely before any bounce?