Cardano is trading at $0.35, a critical support area closely watched by market participants. The price has hovered near the 0.35 level, a zone that analysts see as a potential pivot for either a rally or a further decline. ADA fell 1.92% over the past 24 hours. Bitcoinsensus X notes that ADA has entered a place of control, a key high-volume node at 0.35 signaling historical buying interest.
The firm also points out that ADA has already had the point of control (POC) in its trading range—an area that once accumulated substantial volume. ADA has dropped 1.92% in 24 hours, though volume has been comparatively low as traders contend with this focal point. More Crypto Online notes that the blue scenario remains valid as long as the price holds above 0.345. The blue scenario can be sustained as long as the price remains above 0.345; a breach would render the bullish structure invalid.
The wider crypto market faces headwinds as Bitcoin and Ethereum send mixed signals, while Cardano and other altcoins exhibit increased volatility. The next few sessions will be crucial for ADA, with the price needing to regain higher levels and momentum indicators turning bullish. Volume trends suggest potential accumulation as patient investors view dips as opportunities. Resistance levels at $0.40 and $0.45—formerly supports—now cap any rallies.
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