$ADA is showing a weak structure on the 4H chart. After reacting in a key area, the price began to make lower highs, indicating that the pressure remains bearish. The bounce did not have real strength, leaving the market with more intention to continue falling than to recover.

Right now, the price seems to be seeking liquidity below, with targets in the area of $0.2350 and $0.2200. As long as this dynamic persists, the scenario remains bearish.

The only sign of change would be to see the price recover strongly and close above $0.2690. Until that happens, it is most likely that any bounce will only be an opportunity to continue downward.