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Cardano (ADA) at a Crossroads: Analyst Warns of Key Support Test Amid ETF Uncertainty

  • 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.

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