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ADA price tanks as build update pressure: How decrease can Cardano go?

Cardano (Ada) multiple signs of warning at the present time, and the graph tells a difficult story to ignore. From the price structure to the momentum indicators, the preparation tends clearly towards more negative side. If buyers do not intervene soon, the Ada price may face deeper losses.

Currently, the ADA price is stuck in a convergence channel. This type of structure usually indicates a continuation of the declining direction, and Ada has completely respected. Every time the price tries to move above, it is rejected and declined directly inside the channel. The last counterattack was not different, as ADA was rejected in the middle of the channel and now decreased again.

The price of Cardano decreased within a convergence channel

Currently, the price of Cardano hovers about $ 0.63, just higher than the main support zone near $ 0.548. If this support erupted, the sale may become more intense. We can look at a decrease of about $ 0.45 or perhaps even $ 0.40 if the momentum persists. This means a serious success for Ada holders who were hoping for reflection.

The momentum indicators are still downward

The MACD index does not give any hope at the present time. It shows a declining intersection, with MACD line Falling the signal line. The graph has turned back to red, indicating an increase in the declining momentum. This tells us that sellers still have control, and there is no clear sign of the shift yet.

ADA MACD and RSI readings

RSI also does not help bulls. He is currently about 37 years old, and he is close to selling lands, but not completely. This means that there is still room for further sale before it occurs, relief is bounced. Since early June, the relative strength indicators have been to form its highest levels and lower lower, following the same style as the price.

Whale activity raises more red flags

To make things worse, whale activity adds more pressure to the negative side. On X (Twitter previously), the famous analyst Ali (ali_charts) revealed that adult holders sold more than 270 million ADA last week only. This type of sale of whales is a big deal. It usually indicates that smart money reduces exposure, which can pull the price of Cardano further.

When adult players begin to go out, retail investors often follow. If this sale continues, this may speed up the collapse to less than $ 0.548 support. This current declining structure is likely to turn a sharp decrease.

Also read: HEDERA (HBAR) Dip Price – but it may still be the worst in the foreground

Cardiano is clearly in a rough place. The structure of the graph is weak, and the momentum indicators are negative, and now the behavior of the whales indicates more risks of the downside. Unless there is a strong upscale or buyers interfering at the current levels, the Ada price appears to be more likely to decrease than height. If the main support is breaking, we may see Ada testing its lowest level very soon.

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