After a strong rally in May and the first days of June, LINA saw a significant decline.
Strong support for ADA in 1-day frame is $0.013663. If the market is trending down, then ADA is likely to. Worst case, ADA price enters the Kumo cloud zone of the future of the price decline, ADA can reach the support price of $0.01101.
For more certainty of a bearish view, the ADA 1-day RSI is overbought, currently correcting the RSI.
The RSI is expected to stabilize within the next one to two days from the time of writing. Then, choose for yourself an appropriate buying point.
Beside, looking at the future Kumo cloud after that, it is still pointing upwards, showing no sign of a bullish-to-bearish trend reversal yet. Therefore, expect the price of ADA to grow again after the recent correction.
