📉 Cardano $ADA at a Critical Point: Can ADA Bounce Back or Drop Further? 📉

Cardano (ADA) is facing a tough test! After hitting multi-month lows this weekend, ADA is trying to hold a crucial support level. Analysts warn: if it fails, the price could fall to $0.32. 😮

What's Happening?

ADA recently dropped 15% in a week, falling below key support at $0.60 and even $0.66 earlier in June. Though it bounced slightly from $0.51 on Sunday (now trading near $0.54 ), experts say the trend remains risky.

Why the Worry?

- Analyst "Sjuul" warns that losing $0.66 turned ADA’s chart into a "distribution pattern" (signaling selling pressure).

- Until ADA reclaims $0.66, more downside is likely.

- "Man of Bitcoin" adds: if ADA stays below its current downtrend line, pressure could push it under $0.50 briefly.

A Glimmer of Hope? 🌟

Not all is bleak! Some see opportunity:

- A strong bounce from $0.52 support (tested Sunday) could confirm a "double/triple botton" pattern. ✅

- "Rose Premium Signals" says holding $0.54-$0.56 might fuel a rally toward $0.99 or even $1.20-$1.50!

- "Crypto Billion" notes ADA is in a "falling wedge" — a pattern that often breaks UP. A breakout could target $1.

The Bottom Line:

$ADA is at a make-or-break moment!

👉 Hold $0.50-$0.52? Potential surge to $1+.

👉 Break below? Risk of crashing to $0.32.

Stay tuned — this retest will decide ADA’s next big move! 🔍

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