Cardano (ADA) has seen a recovery of almost 4% but is now approaching a retest of a support level. The decline is attributed to bearish market sentiment and a recent heist experienced by Bybit. The asset's price stability will depend on whether there is a massive sell-off or not. Expert technical analysis suggests that ADA still has upside potential as long as it remains above the ascending trendline or the $0.73 level. There are indications of a bullish cup-and-handle pattern forming. If ADA falls below the $0.74 level, there could be a heavy sell-off and a significant price drop. ADA is currently trading below the 200 EMA on the four-hour time frame and has weak trend strength. Intraday traders are over-leveraged on both the long and short sides. Bulls are dominating over-leveraged positions, which could help ADA stay above the trendline. The current trading volume has dropped by 50% in the past 24 hours, indicating fear among traders.



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