Cardano Price Drop 3.49% Weekly Amid Market Correction

Cardano (ADA) prices have decreased by 3.49% over the past week due to a broader market correction, now trading near $0.90.

Potential Bullish Breakout for ADA

Market expert Ali Martinez suggests ADA may be poised for a significant upside based on historical price behavior and Fibonacci levels.
Martinez's analysis indicates ADA could surge from its current level if it breaks above the critical resistance at $1.15.
The Fibonacci extension tool shows potential price targets between $3 and $6, aligning with previous cycle highs.
If ADA fails to break the $1.15 resistance, it might fall to support levels at $0.62 and $0.43.

Cardano

ADA is trading at $0.89, down 0.41% in the last 24 hours, with reduced trading volume indicating waning momentum.
On-chain data shows over 530 million ADA ($472 million) sold in the past 72 hours, suggesting profit-taking or repositioning by major holders.
Despite recent selling pressure, ADA remains the 10th largest cryptocurrency with a market cap of $32.03 billion.

Cardano