The price of Cardano $ADA has approached a critical level of $0.66. If it is surpassed, ADA will aim for the psychologically significant mark of $0.70. However, mixed market signals and unstable investor sentiment create obstacles for confident growth.
The Parabolic SAR indicator, located above the price candles, confirms the strength of the bearish trend. If ADA does not hold at the level of $0.66, a decline to the support level of $0.60 is likely. In the event of a successful breakout at $0.66, Cardano may target $0.70 and then $0.74. Such a movement would not only invalidate the bearish scenario but could also restore investor confidence in ADA.
