#ADA# #LTC# #PI#

ADA is below critical resistance: Which way will the next move go?
In the last week, the price of ADA, which dropped from $0.72 to $0.65, has fallen below the short-term average back down to the long-term average. At the beginning of March, the price of ADA showed a significant pullback from the $0.83 region and dropped to $0.58 in April. Following this decline, the 50-day short-term EMA has fallen below the 100-day EMA. In the ADA chart, which has been moving in a descending channel since the beginning of March, the negative DI supports the current setup, cutting the ADX and positive DI upwards, indicating that the selling pressure continues.
Under the current market conditions, important support for the ADA price will be the 0.63 and 0.60 dollar regions. Crypto analyst Ali Martinez predicts that the ADA price was rejected from the top of the descending channel at ( 0.73 dollars) and if the pressure continues, a pullback towards 0.54 dollars could occur, also falling below 0.63 dollars. ADA is currently trying to maintain its support level, and a recovery in market conditions could support a bullish outlook.