$ADA

Cardano is facing selling pressure after confirming rejection near the resistance zone on the 1H chart. RSI at 57 suggests there is still room for downside movement, while the slightly positive funding rate indicates a mild long bias.

Key figures

$0.1787–$0.1797 — Resistance zone
$0.1715 — First downside level
$0.1694 — Next support
$0.1647 — Deeper downside level
$0.1833 — Resistance invalidation level

As long as ADA struggles to reclaim resistance, bearish pressure could remain dominant. A sustained move above resistance would weaken this outlook.

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