$ADA

The RSI is below 50, the MACD is below its signal line and negative, and the price is trading under both its 20 and 50 period moving averages. This suggests that there is more selling pressure than buying pressure in the market.

The pivot point at 0.3150 is currently acting as resistance. If the price breaks below this level, it could open the door to further downside movement. However, if the price breaks above 0.3150, it could signal a change in trend and lead to an upside breakout.

The supports and resistances follows:

Support: 0.3290, 0.3237

Resistance: 0.3150, 0.3115, 0.3076, 0.2972, 0.2920, 0.2868

Overall, the market sentiment is bearish and the price is currently trading under its pivot point. However, if the price breaks above 0.3150, it could signal a change in trend and lead to an upside breakout #Ada