Cardano at a Technical Crossroads – Will It Explode or Break?

The price of Cardano is currently trading near $0.634, maintaining a narrow range for days, amidst a state of anticipation from traders.

Quick Technical Overview:

Nearby Support: 0.620

Actual Resistance: 0.650

Breaking the resistance could push the price towards 0.70

Breaking the support opens the door for a drop towards 0.58

On the technical level, Cardano is entering a clear price compression phase, and the potential for an explosion in either direction is possible.

The question now:

Is this a smart accumulation area before a rise? Or a quiet distribution phase before a crash?

The decision is yours… but beware of breaking 0.62 with a daily close, as the rules of the game may change there.