Cardano price analysis: ADA not ready to challenge the $2.05 mark ,recession to follow?

TL;DR Breakdown Cardano price is expected to fall to $1.92The closest support level is at $1.92Cardano price is facing resistance at the $2.05 Cardano price action has failed to break above the $2.20 mark and ADA has fallen back to the $1.98 mark. While the price currently holds above the support level of $1.90, the bearish pressure is very strong and the price may fall further if the selling continues. The broader cryptocurrency market observes a bearish sentiment across the last 24 hours with most major cryptocurrencies recording a loss across the timeframe. The major players that recorded a loss include Ripple’s XRP, and BNB that record a 9.15 and a 7.63 percent decrease respectively. Meanwhile Bitcoin and Ethereum record a 3.46 and a 6.27 percent decrease Technical indicator for ADA/USDT Technical indicators for ADA/USDT by Trading view Across the technical indicators, the MACD exhibits declining bearish momentum as observed in the light red histogram. It has remained bearish for the past 3 days and the indicator has dropped to below -0.00. Across the EMAs, 26-EMAis still trading above the 12-EMA, however, the distance between the two is starting to decrease and they may see a bullish reversal later on The RSI is currently trading in the neutral zone a little above the 45.00 mark and does not issue a signal. The indicator has been trading in the neutral zone for the past 3 days. At press time the RSI has again had a...