The price of Cardano (ADA) is currently in a downward trend, trading at $0.88. There is speculation among traders about whether the price will stabilize or decline further as it approaches a key support level. The entire crypto market is under pressure due to Bitcoin struggling at $100K. ADA's price decline is also aligned with Bitcoin's recent dip, causing the overall crypto market cap to decrease by 3.4% in 24 hours. If selling pressure persists, Cardano's price could experience deeper losses. The $0.84 support level is crucial, and if ADA breaks below it, it could lead to further declines toward $0.70 or $0.60. However, there are indicators suggesting a possible bullish flag formation, which could result in a rebound from $0.84 and a rally back to $1.10. Traders are closely watching ADA's price action around $0.84, as a confirmed breakdown could continue the bearish trend, while a strong bounce could initiate a new rally. Bitcoin's next move will likely influence ADA's trajectory as well.



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