The Cardano price has started a decline from the $0.70 zone and is currently consolidating losses. It is at risk of further losses below the $0.60 level. The price is trading below the 100-hourly simple moving average and faces resistance near the $0.620 and $0.640 zones. If it breaks the $0.660 resistance level, it could start a strong rally towards the $0.680 region, and possibly even reach $0.70. On the downside, immediate support is near the $0.60 level, with major support at $0.5850. If the price breaks below $0.5850, it could test $0.550, with the next major support at $0.50. The MACD and RSI indicators are showing bearish momentum.



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