$Cardano (ADA) Update – Consolidation Deepens, Patience Required!

[Arman Shaban]

By analyzing the #Cardano (ADA) chart on the 3-day timeframe, we can see that after climbing to $0.7360, ADA faced renewed selling pressure and dropped as low as $0.5915. It’s now trading around $0.63, holding near a mid-range zone within its broader structure.

While the overall market sentiment remains mixed, ADA’s chart suggests that it’s still in a correction and accumulation phase. The $0.58–$0.63 zone is currently acting as a minor support area, but there are no strong bullish signs yet — meaning price might continue to consolidate for a while before its next major move.

Once momentum returns, ADA could still target $0.75, $0.85, and even $1.00, but for now, traders should stay patient and watch for clearer reversal signals before re-entering aggressively.

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#ADA #Cardano #Crypto #ArmanShabanTrading #PriceAction

[alex10]

ADA remains in a classic accumulation phase — strong hands seem to be absorbing selling pressure near the $0.60 zone. A confirmed breakout above $0.65 could shift sentiment toward a new short-term uptrend.