Cardano (ADA) is currently facing a challenging phase as its price charts indicate a potential downside. The altcoin has been struggling to maintain its bullish momentum and has failed to reclaim crucial resistance zones. Technical indicators, such as the negative crossover below the 100-day Simple Moving Average (SMA) and the downward trend of the Relative Strength Index (RSI), suggest a bearish trajectory for ADA. The asset's ability to break above the 100-day SMA and the RSI remaining below the 50% threshold will play a crucial role in determining its future price movements. Key support levels to watch are at $0.6822 and $0.5229, where a bounce or break could indicate a short-term recovery or a deeper correction, respectively.



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