The Cardano (ADA) cryptocurrency is at a crucial support level of $0.73, which has acted as a pivot point in the past. The price has been testing a declining trendline near this support level, and if buyers step in, there is potential for a breakout rally. However, recent bearish momentum and lack of support from whales have created uncertainty in the market. The 90-day adjusted Network Value-to-Transaction (NVT) ratio suggests increased adoption and on-chain activity within the Cardano network, which could lead to a price jump. Fibonacci levels point to a critical resistance level near $0.8567, indicating a potential recovery. On the other hand, if ADA closes below $0.73, it may test the $0.60 support zone and trigger a deeper correction phase.



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