Cardano (ADA) has experienced a drop of over 20% in the past month, but remains a top 10 cryptocurrency by market cap. Technical indicators suggest that the downtrend lacks strong momentum for significant price moves. ADA is currently trading between support at $0.78 and resistance at $0.87. The low Average Directional Index (ADX) reading indicates a weak trend strength, potentially leading to a period of consolidation in the near term. Whale activity in ADA has stabilized, indicating a neutral sentiment among investors and potentially limited volatility. The next move for ADA depends on whether the support and resistance levels hold, with potential outcomes being a sharp correction or a rally.



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