ADA is currently trading near 0.828 dollars after a daily drop of −4.5%, with a daily high of around 0.87 dollars and a low of approximately 0.838 dollars only. The market cap still maintains Cardano's rank among the top ten cryptocurrencies with good trading liquidity.
Technical indicators:
The price is still close to a key support zone at 0.82 – 0.80 dollars, which acts as a fundamental defense against any further declines.
If it manages to hold above these levels, we may see an attempt to rebound towards 0.88 then 0.92 dollars as initial resistances.
Daily liquidity is stable, but the lack of strong momentum makes the current movement closer to "accumulation awaiting a price explosion."
Momentum indicators like RSI are hovering around the neutral zone, reflecting a state of balance between buyers and sellers.
Support and resistance levels:
Support and resistance
Support between 0.82 – 0.80 dollars
Resistance between 0.88 – 0.92 dollars
In summary, Cardano is currently moving within a narrow range with attempts to hold above support. A clear break below the 0.80 level could open the door for further declines, while any breakout above the 0.88 level could provide a positive push towards 0.92 – 0.95 dollars.
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