Cardano Prices Tumble But Find Support as Indicators Point to Possible Rebound
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Cardano (ADA) has seen a 26.6% price drop since last week but is finding support around the $0.5 level. Further key support sits around $0.39.
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Yesterday, ADA's price plunged 19.2% in just one day. Indicators are mixed - some bearish signals but golden crossover suggests bullish short-term trend.
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On the 4H chart, ADA is finding crucial support at the 200-4H EMA level around $0.56. A break below could lead to further declines.
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The monthly chart shows a bearish candle close below January's opening price, although some indicators remain bullish. Key support sits around $0.444.
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Against Bitcoin, ADA has notable support around 0.00001275 BTC. A break below could see the price fall to 0.000011 BTC. Resistance sits around 0.0000152 BTC.