Cardano (ADA) has experienced a fresh decline, dropping below key support levels at $1.050 and $1.0350. The price even dipped below $1.00, reaching a low point of $0.9615 before attempting to recover. ADA is currently trading below $1.050 and the 100-hourly simple moving average. Resistance is expected at the $1.0250 and $1.0500 levels, with a major resistance point at $1.0880. If the price is able to break above this resistance, it could lead to a strong rally towards $1.120 and potentially $1.1520. On the downside, immediate support is seen at the $0.980 level, followed by the $0.9650 level. A break below $0.9650 could lead to further declines towards $0.9200 and $0.8800. The MACD for ADA/USD is indicating bearish momentum, and the RSI is below the 50 level.



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