Cardano's support level of $0.74 is crucial for its price movement. If it holds this level, ADA could increase by 10% to $0.85. However, if it falls below $0.74, it may drop by 10% to $0.65. Despite price drops in the cryptocurrency market, Cardano has remained steady above this support level. The trading volume for ADA has also increased, indicating active participation from traders and investors. The $0.74 level will determine whether ADA continues its upward momentum or sinks. If it holds, there is a possibility of a 10% increase to $0.85 in the short term and a 20% increase to $1.01 in the long term. On the other hand, if ADA fails to hold this level, there may be a 10% drop to $0.65. In addition, technical analysis suggests that ADA is forming an ascending triangle pattern. There has been an inflow of $1.45 million worth of ADA tokens on exchanges, potentially indicating a sell-off by investors and long-term holders. This sell-off, combined with a bearish market sentiment, can increase selling pressure and lead to further price drops.



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