Cardano (ADA) has dropped below $1 and is down over 7% in the past 24 hours. The cryptocurrency recently faced strong resistance at the golden pocket zone between $1.12 and $1.23, which has been a focal point on the weekly chart. Analysts suggest that this resistance was expected and Cardano may continue to face challenges in the short term. However, if the cryptocurrency breaks above this zone, the next target is the 78.6% Fibonacci level at $0.76. In terms of support levels, currently, the key support is at $0.97, with additional support found at $0.94 and a short-term golden pocket support zone between $0.88 and $0.90. On the upside, resistance is expected around $1.15 to $1.17, with the strongest resistance at the golden pocket zone on the weekly chart. A successful breakout above this range could lead to further upward movement for Cardano.



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