📊 Cardano Price Today: A First Look at the Technical Structure

$ADA is currently trading in the range of 0.38 – 0.40, which is a very strong support area. The support is still in place, but the momentum is weak and there is no clear reversal signal yet.

The descending peaks indicate a decline in buying power, and with the overall market still in a downward phase, it is difficult for $ADA to lead a strong upward movement.

🟢 A strong close above 0.48 may open the way towards 0.58–0.62

🔻 A break below 0.38 could push the price down to 0.31 – 0.33

Conclusion: We are currently in a decision area, patience is the key to relief.

ADA

0.4036

-0.93%