According to a price analysis by Coinidol.com, the price of Cardano (ADA) has been moving sideways after reaching resistance at $1.23. The cryptocurrency is trading below and above the moving average lines, with its price range between $0.80 and $1.20. On January 19, the negative trend broke through the moving average lines and consolidated above the $0.95 support. However, since then, the price has been trading slightly below the moving averages, stalling above the $0.95 support. If Cardano fails to sustain its recent high, it could fall below the $0.87 support. The presence of doji candles and extended candlestick tails at the $0.95 support level indicates strong buying pressure. Key resistance zones are seen at $1.20, $1.30, and $1.40, while key support zones are at $0.90, $0.80, and $0.70. Coinidol.com emphasizes that this analysis should not be taken as a recommendation to buy or sell cryptocurrency and advises readers to conduct their own research before investing.



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