📊 Cardano Analysis ($ADA ) - Hourly Chart

🔸 The price is still trading in a clear corrective range after completing wave (B) at the resistance levels between 0.8312 and 0.8466 (0.786–0.886 Fibonacci ratio).

🔻 Wave (C) is likely to be in the process of completion, especially as the price approaches the gray support area between:

• 0.6258 (0.618 Fibo)

• 0.6013 (0.786 Fibo)

• Stronger support at 0.5722 (0.786 Fibo extended)

📈 There is also the possibility of a rebound towards corrective levels:

• 0.6940 (0.382 Fibo)

• 0.7199 (0.5 Fibo)

• 0.7467 (0.618 Fibo)

• and up to 0.7867 at most

✳️ If the price holds above the recent support and a rising five-wave pattern forms, this could signal the end of the correction and the resumption of the uptrend.

🚨 If the gray support is broken, we may see a target of the 0.5103 area in the medium term.

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