According to the latest data from CryptoPotato, the rapid rise of Cardano's exchange rate has come to an end, giving way to the influence of a bearish trend. Over the past seven days, ADA has lost 15% of its value, landing at a critical support level around $0.46. Whether the market can recover remains an open question, despite a sporadic bounce in the upward price movement.

Momentum indicators such as MACD and RSI are pointing lower, foreshadowing the possible start of a deeper correction if a sharp recovery does not lead to the formation of a new, lower peak. The fate of ADA depends heavily on holding the critical support level at $0.46; otherwise, the risk of additional declines becomes relevant. To change the current negative trend, resistance at $0.60 must be overcome. It is important to note that the 3-day MACD also confirmed a bearish crossover this week, which may foreshadow possible further declines in the future.

Currently, the short-term outlook for ADA is leaning bearish, and the key support level at $0.46 remains in focus. In case of failure to hold at this level, the next important support point will be at $0.40.