Cardano (ADA) experienced a slight recovery, returning to $1 after dropping below it in previous sessions. The cryptocurrency saw profit-taking after reaching a high of $1.16 on Jan. 17 and fell to a low of $0.95 on Jan. 20. It is currently battling to hold the $1 mark. The rebound coincides with a bearish "death cross" indicator on hourly charts, raising concerns about short-term price movement. However, Cardano's network activity remains strong, and progress has been made toward the Plomin hard fork, lowering the risk of a DoS attack. The hard fork governance action must still meet certain thresholds for approval.



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