The price of Cardano (ADA) is currently holding ground between $0.80 and $0.66, and experts suggest that this zone will play a crucial role in determining the future movement of ADA. The support area has been significant throughout ADA's market cycle, acting as both resistance and support. If ADA can maintain positions above this price zone, an extended uptrend may become more likely, but if prices drop below it, downside acceleration may occur. The primary support level is $0.66, with $0.55 as backup support. The initial resistance point is $0.80, and the primary resistance is $1.10. Despite a recent decline, there has been an increase in 24-hour trading volume, indicating active market participation. Technical charts show a bearish outlook for ADA, as it sits below its 50-day and 100-day EMAs. The Relative Strength Index (RSI) suggests that ADA lacks intense buying pressure and is near neutral. A lasting bullish trend for ADA would require a breakthrough of its EMAs, or else it may find support at $0.60 and $0.55.



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