Cardano (ADA) Technical Outlook – Bulls Defend Key Support at $0.63

Cardano (ADA) continues to trade under pressure but is holding above the critical $0.63 support (0.236 Fib). The price currently sits near $0.68, facing resistance around $0.70 (0.382 Fib), where sellers remain active. A decisive close above this level could pave the way toward $0.76 (0.5 Fib) and $0.82 (0.618 Fib) — key hurdles that would confirm a short-term bullish reversal.

The EMA cluster (20/50/100/200) between $0.74–$0.76 is converging, indicating a zone of heavy resistance that ADA must break to regain medium-term momentum.

Meanwhile, RSI at 40 signals weak momentum, suggesting the bulls are trying to stabilize but haven’t yet regained full control.

On the downside, losing the $0.63 support could trigger further downside toward $0.60 and possibly $0.51, the previous swing low.

📊 Summary:

Trend: Bearish-to-neutral, attempting base formation

Support: $0.63 / $0.60 / $0.51

Resistance: $0.70 / $0.76 / $0.82

Outlook: ADA must hold above $0.63 and reclaim $0.70–$0.76 to shift momentum bullish; otherwise, risk of deeper correction remains.

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