🚨 Cardano Alert: $ADA will Hold $0.84 or Drop to $0.73?
Cardano (ADA) is under strong pressure after losing the support of $0.85, trading around $0.849. This movement raises doubts about whether the token will be able to react or if it is heading for further declines.
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📊 Current Scenario
• Immediate resistance: $0.85 – $0.90
• Strong resistance: $0.95 – $1.00 (recent rejection zone)
• Nearby support: $0.82
• Target drop: $0.73
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🚀 Bullish Outlook
To regain strength, ADA needs to:
✅ Reclaim and hold $0.85
✅ Surpass $0.90
✅ Retest $0.95–$1.00
If this happens, confidence may return and pave the way to again seek $1.00.
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⚠️ Drop Risks
If it fails to hold $0.85, the scenario complicates:
❌ Below $0.82 → confirms bear dominance
❌ Possible drop to $0.73
❌ Market sentiment may worsen
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🔮 ADA Forecast
In the short term, the token remains trapped between $0.82 and $0.90. Breaking this range will decide the next move:
• Above $0.90 → chance of a rally to $1.00
• Below $0.82 → likely drop to $0.73
👉 As long as buying volume does not increase, the bias remains bearish.