Cardano's price has failed to break above the key resistance level of $1.2 and has dropped below $1 during the recent market crash. The price is currently consolidating within a falling wedge pattern and a retest of the lower boundary is expected. However, as long as the price remains above the 200-day moving average at around $0.6, the overall market trend is still considered bullish. In the BTC paired chart, ADA is also testing a support level and may decline towards the 200-day moving average at 750 SAT. The momentum is currently in favor of a bearish scenario, as indicated by the RSI values below 50%.



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