Cardano (ADA) has fallen 7%, trading at 0.93 USD. Its MVRV ratio suggests this range could spark a bullish recovery as it usually precedes significant price rebounds.
Holding above the support level of 0.87 USD is crucial for ADA. Failure to maintain this level may push prices down to 0.77 USD, triggering bearish sentiment.
Minimal profit-taking and a steady investor base may lead ADA back to the 1.00 USD resistance level. If successful, a rally towards a 1.23 USD recovery target could attract new interest.
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