Cardano (ADA) price is showing signs of weakness, entering a vulnerable zone after failing to break above key resistance levels.
On the daily chart, ADA price is struggling to surpass the 50-day and 200-day SMA, indicating a bearish structure with low momentum in the bounce.
The hourly chart displays consolidation beneath resistance levels, with ADA price hovering around $0.693 and struggling to climb higher.
Potential support zones for Cardano price include $0.65, $0.60, $0.50, with $0.35 being the worst-case scenario for a nearly 50% drop from the current level.