Rich by Coin

Cardano (ADAUSD) slipped in its latest intraday session as it remained below the 50-day simple moving average, reinforcing the near-term downtrend and tracing a descending secondary trendline. A negative RSI divergence has formed after momentum indicators reached overbought levels relative to price, accompanied by renewed bearish signals. Analysts expect further weakness if ADAUSD remains under resistance near 0.4800, with an initial objective around 0.4080. Today’s price forecast: Bearish.