The price of Cardano (ADA) has been fluctuating and is currently below the moving average lines. The altcoin has been trading between the $0.80 and $1.10 levels since December 20. If the current support at $0.84 holds, ADA price may bounce back and resume its uptrend. However, if the support is breached, Cardano could revisit its previous low of $0.76. The moving averages are sloping horizontally, indicating a bearish trend. Key resistance zones are $1.20, $1.30, and $1.40, while key support zones are $0.90, $0.80, and $0.70. This analysis is a personal opinion and not a recommendation to buy or sell ADA.



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