#CardanoDebate 🔍 Overview of Cardano (ADA)

After a sharp rise and subsequent pullback from the resistance zone of $0.70, the price of ADA has fallen and consolidated near the $0.63 mark, reflecting the weakness of the bulls and increasing pressure from sellers. The chart on Binance shows that recovery attempts hit the Fibonacci retracement area of 0.618, which limits the upward momentum.

Trading volumes are decreasing, and the chart structure indicates consolidation below resistance. If $ADA does not hold the level of $0.61–$0.62, a return to the support zone of $0.58 is possible. In case of a breakout upwards, the next target remains $0.68–$0.70.

📊 The RSI and MACD indicators show a neutral-negative sentiment, but short-term bounces are possible.

💬 Question to the community:

Do you believe in a recovery of ADA to $0.70 or are you waiting for a retest below $0.60?