Bearish trend confirmed for ADA: The Average Directional Index (ADX) for Cardano has hit a notable 41.2, signaling robust bearish momentum. A D- rating at 33.2 and D+ at just 6.2 further indicate this trend. The Ichimoku Cloud’s red hue supports the downward pressure as ADA trades below it.

KEY support levels targeted by ADA: Cardano is expected to test the support level at $0.87 soon. If it doesn’t hold, the price might fall to $0.65 and potentially down to $0.519. This ongoing bearish momentum highlights the need for investors to watch these levels closely.