Cardano price analysis (Bearish) — 0.53 USDT (-7.13% 24h)

ADA is showing concerning weakness as it trades at $0.5276, down over 7% in the past 24 hours amid elevated selling pressure. The cryptocurrency has broken below both its 20-day SMA ($0.53278) and 50-day SMA ($0.548956), indicating deteriorating medium-term momentum. With RSI sitting at 48.35, ADA is approaching oversold territory but hasn’t reached extreme levels yet, suggesting there could be more downside ahead. The 24-hour volume of $98 million indicates moderate participation in this move lower. Current volatility of 4.66% reflects the ongoing uncertainty in the altcoin space. Traders should watch for support around the $0.52 level – a break below could trigger further selling toward $0.50. Consider waiting for RSI to dip below 40 or show bullish divergence before entering long positions. Risk management remains crucial given the current bearish technical structure.