Cardano (ADA) is at a critical price level, with its 200-week moving average acting as a key support.
Crypto analyst Dan Gambardello warns that ADA could drop to $0.50 if market conditions worsen.
A breakout above $0.78 and $0.80 could propel ADA toward $1.25 in the next bullish move.
Amid uncertainty stemming from the SEC's delay on the Canary ADA ETF decision, ADA's price is at a critical juncture, requiring it to hold key support levels to maintain bullish momentum.