The Cardano price has dropped below $1.00, and it is struggling to regain momentum. It recently broke a bullish trend line and is currently trading below the 100-hourly simple moving average. The price may face resistance around the $0.9350 and $0.9550 levels. If it manages to break above $0.9680, it could start a strong rally towards $1.00 and even $1.050. However, if it fails to surpass the $0.9350 resistance, it may experience another decline. The immediate support sits at $0.9160, and further down, there is support at $0.90 and $0.8650. Technical indicators indicate bearish momentum on the MACD and an RSI below the 50 level.



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