crypto Queen Abrash
06/10 00:40
Cardano (ADA) has experienced a notable price drop, slipping below the $0.70 mark and breaching a significant support level at $0.6840. As a result, this decline has positioned ADA in a bearish zone, with the price currently trading around $0.66963.
Looking at technical indicators, further downside potential appears likely. The immediate support lies at $0.6625, followed by a more substantial level at $0.650. If a break occurs below these, it could open the path to $0.620. On the other hand, resistance is seen near $0.6825 and $0.700. The hourly MACD is gaining momentum in the bearish zone, and the RSI is below the 50 level, indicating continued selling pressure. 
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