ADA Price: Bearish Pressure Persists, But Can Bulls Reclaim Cont

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On the daily chart, ADA’s Elder-Ray Index continues to signal bearish momentum. The indicator has been printing red bars since June 12, confirming sustained seller dominance. The Elder-Ray is negative at the time of writing, showing no signs of immediate relief.

If sellers maintain this pressure, ADA risks sliding toward the $0.51 support zone.

However, should market sentiment improve, a bullish reversal could be in play. A push above $0.59 resistance would open the door for a potential rally toward $0.64.



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