The popular cryptocurrency Cardano (ADA) experienced a significant drop of 37% over the last 24 hours, reaching a low not seen since November 10. However, the price rebounded by over 41% from this low, surpassing key resistance and support levels. If ADA can hold these levels, the price chart may become bullish, with a potential rise to $0.8-$0.9. However, if ADA fails to hold, the drawdown could be even more severe. The future of Cardano's price will depend on market fundamentals and movement.



Other News from Today