Cardano's (ADA) current trading price is just above its 200-Day Moving Average at $0.3500, but there is growing sell pressure causing the cryptocurrency's price forecasts to become more pessimistic. It is currently trading around $0.3550, down almost 4.0% on the day. If ADA loses its grip on the 200DMA, it risks falling below an upwards trendline that has been in play since late December 2022.
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