The chart has seen a decrease in buying pressure as ADA continues to show bearish sentiment. In the past few days, it has oscillated mostly between $0.47 (or $0.45) and $0.45 (or both). ADA was lower than the 20 SMA, which indicated that sellers were driving price momentum. This index shows price momentum as well as possible reversals. An indicator of weakness in price momentum is the ADX (red).

Source: Forbes July 04, 2022 01:08 UTC