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Cardano (ADA) Faces Downside Pressure, Needs Break Above $0.68 to Bounce Back
- ADA is trading at $0.6283, down over 2% in a weak market sentiment with low volume.
- Price is below crucial levels such as the 9-period DEMA ($0.6493) and Bollinger midline ($0.6803).
- Failure to reclaim $0.6450 may lead to a retest of $0.6193 or a deeper drop towards $0.60.
- Resistance at $0.70-$0.84 is strong; ADA needs to break above $0.68 to regain momentum.
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