#TradingAnalysis101 Today, March 11, 2025, Cardano (ADA) is trading at approximately $0.72024, reflecting a decrease of 3.06% from the previous close.

Recent technical analysis indicates that ADA is navigating a crucial support zone between $0.80 and $0.66, a range that has historically influenced its price movements. A successful hold above this zone could signal a potential recovery, while a drop below $0.66 could open the door to lower price levels.

Indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are currently neutral, suggesting a period of consolidation. However, the 50-day simple moving average is at $0.84, which is above the current price, indicating a bearish signal.