<ul><li>Cardano (ADA) is currently trading around $0.73, near its key support at the 200-day EMA ($0.71).</li><li>On-chain metrics indicate declining daily active addresses and DEX trading volume, signaling weakening demand.</li><li>Technical indicators show mixed signals, with a bearish MACD crossover on the daily chart but bullish momentum on the hourly timeframe.</li><li>If support at $0.71 breaks, ADA could drop 12% to retest the May 6 low of $0.64.</li></ul>

Cardano (ADA) Price: Bulls Fight to Defend $0.71 Support as Bears Eye 12% Plunge

Discover more