Is ADA about to face pressure? Losing the $0.40 resistance level could trigger a chain reaction of decline

【Crypto World】Cardano’s ADA recently faced significant resistance at the $0.40 key barrier. From the latest trend, the price has already fallen to around $0.38, a decline of about 4%. From a technical perspective, the situation looks a bit grim—RSI indicator shows a clear bearish signal, and MACD has also fallen below the zero line, which usually indicates increasing downside momentum.

If ADA cannot regain the $0.40 level, there is a risk of further downside. Based on support levels, it may drop another 10% or so, until around $0.32 to find a more solid support. In the short term, the selling pressure in the market is indeed significant, and attention should be paid to the performance at these key price levels.