This article discusses the recent price movement of Cardano (ADA) cryptocurrency. The price of ADA declined below several support levels and is now consolidating above $0.3400. The article mentions that if the price can break above the resistance level at $0.3550, it may attempt a recovery wave. However, if the price fails to break above this resistance level, it could continue to decline with the next major support levels at $0.3420 and $0.3250. The article also mentions that the technical indicators, such as the MACD and RSI, are showing bearish momentum.



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