Following the NIGHT token launch, ADA’s price faces challenges maintaining above $0.45. A critical support level at $0.405 is threatened, and indicators signal increasing selling pressure, suggesting a bearish shift could be imminent.
Traders are advised to keep an eye on ADA for any drops below key levels of $0.405 and $0.37. Despite current bearish signals, potential short liquidations above $0.48 may provide opportunities for price rebounds.
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