The Cardano (ADA) price has started a fresh decline, dropping below the $0.3550 support level. ADA is currently consolidating above $0.3400 but may attempt a recovery wave. There is resistance expected near the $0.3460 level, with a bearish trend line forming at that level. If the price can break above $0.3550, it might start a strong rally towards the $0.3680 region. On the downside, immediate support is around $0.3420, with major support levels at $0.3400 and $0.3350. The technical indicators are showing bearish momentum, with the MACD in the bearish zone and the RSI below 50.



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