#CardanoDebate
Cardano (ADA) is currently trading around $0.63 📉. In the last 24 hours, the price dropped by about 1–2% ⬇️, and over the past week, it's down by 4–5%. The market sentiment is mostly bearish 😟 with nearly 87% of technical indicators pointing to a downtrend 📊.
The coin is struggling to break above the $0.70–$0.75 resistance zone 🚧 and is trying to hold support near $0.60 🛡️. Some signals show a possible bounce from this level 🔁, but nothing is confirmed yet ❗.
The Fear & Greed Index is in the 60s 😏, which indicates a greed zone, but price movement isn’t matching the optimism. 📉 Social media activity and interest in ADA are slowly rising 📈, which could help in the future.
Right now, ADA’s direction is neutral to bearish ⚖️🐻. Bulls need to push above $0.70 for a trend change 🚀. Until then, the coin may continue to move sideways or down slightly ➡️⬇️.
🔍 Summary: ADA is showing weakness, not bullish yet. Keep an eye on support and resistance zones. A breakout above $0.70 could bring back bullish momentum 🟢.