ADA is trading in the region of ~$0.56-$0.60, having recovered somewhat from earlier weakness.
On-chain data is showing some encouraging signs: large holders (“whales”) have accumulated significant amounts, suggesting underlying interest.
Technically, the trend remains cautious: short-term momentum is weak and multiple moving averages are stacked bearish.
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⚠️ Key support & resistance levels & outlook
Support: ~$0.50 is a critical support zone. Holding this level is vital to avoid a deeper decline.
Resistance: Near‐term resistance sits around ~$0.65-$0.70. Clearing ~$0.60 and then ~$0.65 could open up more upside.
Outlook:
Bullish scenario: If ADA holds ~$0.50 and buyers build momentum, a move toward ~$0.65-$0.70 becomes possible.
Bearish scenario: If support at ~$0.50 fails, ADA could drift lower toward ~$0.45 or below amid weak sentiment.
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🎯 Bottom line
Cardano is at a pivotal point: While the fundamentals (accumulation, ecosystem upgrades) are supportive, the technical setup remains weak and vulnerable. The ~$0.50 support level is crucial — hold that, and the path to ~$0.65-$0.70 opens; lose it, and downside risk increases.
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