🔻 Cardano (ADA) declines after failed attempt to recover towards $1 🔻
The Cardano (ADA) coin has seen a sharp drop of 7% in the last 24 hours, currently trading at $0.85.
Despite its decoupling from Bitcoin (decreased correlation to 0.51), this has not provided it with clear upward momentum.
Technical indicators, especially the MACD, suggest a potential bearish crossover in the next ten days, which reinforces the negative pressure on the price.
Important levels to watch:
✅ Support: $0.83 (if broken, it may head towards $0.80 – $0.75).
🚫 Resistance: $0.90, where ADA is struggling to break through.
If the buying momentum remains weak, the price may enter a sideways trading period between $0.83 and $0.90.
📊 In summary: The near future of ADA remains uncertain, and breaking the support at $0.80 could signal a deeper bearish reversal.
#Cardano #ADA #Crypto