Cardano’s price has stabilized around the $0.75 support level, following a significant 16% weekly drop. This zone coincides with key Fibonacci retracement levels, drawing substantial buying interest, which has prevented further price declines and suggests a potential bullish move.
ADA faces potential breakout from current wedge pattern, hovering near the $0.75 support. Breaking the $1.30 resistance may trigger an upward trend; however, slipping below could lead to sell-offs. Current buying interest at Fibonacci levels supports resistance, indicating a balanced pressure buildup.
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