Cardano (ADA) is trading at approximately $0.675953, reflecting a 7.8% decline from the previous close.

On the 4-hour chart, ADA has experienced a significant downturn, with the price dropping from an intraday high of $0.773209 to a low of $0.675559. This sharp decline suggests strong bearish momentum.

Technical indicators reinforce this bearish outlook. The Relative Strength Index (RSI) has fallen below 30, indicating that ADA is in oversold territory. Additionally, the Moving Average Convergence Divergence (MACD) has crossed below its signal line, signaling potential for further downward movement.

Support levels to watch are at $0.650 and $0.620, while resistance levels are at $0.700 and $0.730. Traders should exercise caution and consider these technical signals alongside fundamental factors before making trading decisions.