Cardano (ADA) has seen a slight recovery of 4% after a 7% decrease the previous day. On-chain metrics indicate further recovery as ADA's funding rate turns positive and bullish bets reach the highest level in over a month. The $0.64 level is a key support level and if it holds, ADA could extend the recovery to retest the $0.98 resistance level. However, the Relative Strength Index (RSI) suggests bearish momentum, and the RSI must move above 50 for sustained bullish momentum. On-chain metrics and the funding rate indicate bullish sentiment, but a daily candlestick close below $0.57 could invalidate the bullish outlook.



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