Cardano (ADA) price has experienced a decline below the $0.9250 zone, following a trend similar to Bitcoin and Ethereum. After dropping below various support levels, ADA reached a low of $0.5105 before starting to recover. The bulls managed to push the price above the $0.60 and $0.70 resistance levels, but now face difficulty in clearing the $0.80 resistance. A bearish trend line is forming with resistance at $0.8050, and the price is currently trading below $0.80 and the 100-hourly simple moving average. If the price fails to rise above the $0.80 level, it may decline further with immediate support at $0.7650 and the next major support at $0.7230. On the upside, if resistance levels are surpassed, ADA could rally towards $0.9250 and potentially even $1.00 in the near future.



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