Overview
- ADA has stabilized around $0.33–$0.34 after a weekly drop of roughly 15%, defending a high‑time‑frame support for a second time.
- Chart structure remains bearish as price continues to track inside a descending channel marked by lower highs and lower lows.
- Buyers are attempting to regain the value area low, and acceptance above it would raise the odds of a reversal toward the point of control.
- Higher‑time‑frame indicators still lean bearish, with the token trading below major EMAs and momentum measures yet to flip.
- Binance futures open interest has fallen to $108.55 million, the lowest since Dec. 25, and a breakdown below $0.33 could expose $0.32 and potentially $0.27.