If Cardano falls below $0.60, continued selling could trigger further losses, pushing the price closer to the $0.57 level. This would exacerbate the losses for investors and likely intensify the bearish sentiment surrounding the altcoin.
With little confidence from long-term holders, Cardano's price is vulnerable to further declines in the coming days.
But if Cardano manages to maintain the $0.60 support level and recover, it could regain some bullish momentum. A recovery from this level could help the altcoin target the local support of $0.66.
If investor selling slows down and confidence begins to rebuild, Cardano could rise towards $0.70.
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