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TronWeekly

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Cardano (ADA) Struggles Near $0.66 as Market Faces Sharp Downturn

  • Cardano (ADA) has experienced a significant drop of over 10% in the past 24 hours, nearing the critical support level of $0.66.
  • Analysts highlight the $0.80-$0.66 zone as a make-or-break range, as breaking below $0.66 may trigger further selling.
  • The 200-day Exponential Moving Average (EMA) acts as resistance at $0.7382, and the RSI at 43.57 suggests ongoing bearish momentum.
  • The next few trading sessions will be crucial in determining whether Cardano finds stability or sinks deeper into bearish territory.

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