Cardano (ADA) has experienced a significant decline in its price over the past month and week, with its market cap currently at $22 billion. Technical indicators suggest a strong downtrend, with intensified selling pressure. However, if key support levels hold, ADA could potentially reverse its trend and break above $1 in March. The number of Cardano whales, large investors, has been decreasing, indicating a bearish sentiment. If this trend continues, ADA could face increased downward momentum. The EMA lines also show a bearish setup, suggesting ongoing selling pressure. If the support at $0.5 holds, ADA could potentially rise to test resistance levels at $0.65, $0.83, and $0.90, potentially leading to a rally above $1.



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