Aliens TLDR

Unless the buyers come to the rescue at the immediate support level, ADA could see an extended decline before a strong revival.

As the price action fell below the 20 EMA, the immediate narrative for the altcoin took a bearish flip.

With the price action breaching the long-term $0.4565-support, the bears could eye for a close below the $0.43-level.

The Relative Strength Index (RSI) took a relatively bearish stance while retesting the 39-mark support.

A breach below this support could aid the sellers in finding fresher lows.

However, the price action marked lower peaks during this time.

With sellers finding a break below the $0.45-level and the indicators taking a bearish tilt, ADA could see further downside risk.