#Cardano's price is currently trading below the $0.500 resistance zone, suggesting potential bearish momentum.
The 100 SMA (H4) is a critical indicator, indicating a possible decline if $ADA remains below it.
Bullish momentum may trigger a fresh price increase if ADA maintains position above the $0.5000 resistance level.
Recent data reflects a bearish sentiment, with a 3.30% correction within the past day and an 11.95% decline over the past week.
The EMA 200-day acts as a significant resistance level, indicating strong bearish sentiment prevailing in the crypto market.
A Death Cross observed in the Daily time frame implies a bearish outlook for #Cardano in the coming week.
Potential bullish momentum could drive $ADA to test its resistance level at $0.52 during the week.
As per Coingabbar's analysis, Conversely, failure to regain momentum may result in ADA's price testing crucial support levels at $0.440 and $0.400.
KEY LEVELS :
RESISTANCE LEVEL : $0.4800-$0.5200
SUPPORT LEVEL : $0.4200-$0.4000
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