The crypto token Cardano (ADA) has experienced significant volatility in recent months, with sharp gains and declines. After reaching a peak above $1.20, ADA went through a major correction, dropping below $0.60 before experiencing a price surge. However, the price is now facing strong resistance, leaving traders uncertain about its future direction. Despite bouncing back from the $0.60 support level, ADA quickly hit resistance near $1.20 and has since dropped to $0.82. The price's ability to hold above $0.80 will determine whether it consolidates or retests lower support levels. The Relative Strength Index (RSI) is currently neutral, but a move above 60 would indicate bullish momentum. The Heikin Ashi candles show indecision, with bullish attempts but no full control from bulls. ADA needs to break and hold above $1.00-$1.20 to continue its upward movement. If it fails to do so and trends lower, key support levels to watch are $0.80 and $0.60-$0.65. A break below $0.60 would raise concerns for deeper losses. Despite the uncertainty, ADA is a solid project, and if the crypto market recovers, it could regain its previous highs. Short-term traders may seek confirmation above $0.90-$1.00, while long-term investors could consider accumulating near $0.60-$0.70 if the price dips. ADA is currently at a critical decision point, and its next move will depend on breaking resistance or retesting lower levels.
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