Key Support Zone
Amid the steep decline, some analysts believe $ADA has reached a critical long-term support area. Market analysts noted that Cardano has returned to a price zone where buyers previously stepped in, which is between $0.15 and $0.16. The analyst described it as one of the most important levels on the weekly chart.
A strong reaction from this support area could trigger a recovery toward higher resistance levels at $0.2243, $0.3136, and $0.4488.
However, caution remains. Losing the current support could accelerate selling pressure. In that scenario, $ADA may continue falling in search of lower liquidity zones.
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