Cardano (ADA) has experienced a significant price drop, losing almost 10% in value in one day. This has raised concerns among investors about the short-term prospects for the coin. However, there are factors that could potentially lead to a future surge in Cardano's price, including a recovery in the broader Bitcoin market and the launch of Cardano's scaling solution. Additionally, Cardano's integration with BitcoinOS could also have a positive impact. The recent decline is likely due to market-wide sell-offs and specific news affecting Cardano. Spotting key support and resistance levels is important for understanding potential future price movements, with immediate support at around $0.88 and resistance at $0.90. The dominance of net outflows suggests sustained selling pressure, while technical indicators indicate the continuation of the bearish trend. It's important to exercise caution and conduct careful analysis before taking any action related to Cardano.



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