Cardano (ADA) Faces Pressure After $0.50 Rejection

[chainsniff]

Cardano (ADA) was rejected at the $0.50 level, signaling that bears are attempting to turn former support into resistance.

With the 20-day EMA near $0.44 flattening and the RSI remaining in negative territory, momentum slightly favors sellers. Key supports lie at $0.40 and $0.37, and a breakdown below $0.37 could accelerate losses toward $0.31 or $0.27. Bulls need a sustained move above $0.50 to revive upside momentum.

[Abdul Khan]

Rejection at $0.50 shows strong resistance that ADA needs to overcome.