<ul data-eligibleForWebStory="true"><li>Cardano (ADA) price is currently trading around $0.60, up 0.5% in the past 24 hours.</li><li>ADA is within a broadening wedge pattern, hinting at a potential retest of the lower trendline.</li><li>Technical indicators like MACD and RSI suggest sustained bearish momentum for ADA.</li><li>Cardano has faced volatility, dropping nearly 20% over the past month and 5% in the past week.</li><li>The $0.60 level is a crucial support, with potential downside towards $0.50 if not held.</li><li>ADA's technical outlook indicates a possibility of prices dropping towards $0.40 if bearish momentum persists.</li><li>Key resistance levels for ADA are at $0.80, $1.14, and potentially aiming for $1.5 or higher.</li><li>A bullish breakout above the upper wedge boundary could lead to a significant rally for ADA.</li><li>Factors like whale accumulation and potential catalysts may boost bullish sentiment in the market.</li><li>Market weakness or profit taking could hinder bullish momentum, with a breakdown below $0.60 potentially leading to $0.40.</li></ul>

Cardano price forecast: ADA holds $0.60 but risks fresh losses

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