<ul data-eligibleForWebStory="false"><li>An analyst's chart on social media suggests Cardano (ADA) is approaching a key support zone, potentially indicating a buying opportunity.</li><li>ADA is currently trading at $0.5776, up 0.50% over the past 24 hours and 2.66% over the past week, with a market cap exceeding $20.4 billion.</li><li>The technical chart indicates a trading range between $0.54 and $0.61 for ADA, with $0.54 as support and $0.61 as resistance. A dip to $0.54 could trigger buying interest.</li><li>Traders are advised to monitor key levels at $0.5400 (support) and $0.6100 (resistance) as ADA remains range-bound, potentially capitalizing on volatility between these levels.</li></ul>

Cardano Analyst Eyes Dip as Potential Buying Opportunity

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